Gabon gears up for dollar return, adds LM exercise to new 10 year

Gabon is planning its second ever international bond deal seven years after making its debut. Investors are willing to look past previous payment delays on its outstanding Eurobond, to the country’s strong fiscal fundamentals while the flat curve of comparable credits like Nigeria bode well for tight pricing on the planned 2023 soft-bullet bond.

  • By Steven Gilmore
  • 29 Nov 2013
Citi, Deutsche Bank and Standard Chartered will manage the bond sale and accompanying capped tender and exchange offers on Gabon’s $1bn 8.2% 2017 debut deal, which began on Tuesday. Investor meetings for the bond began in London on Wednesday, before moving to Munich on Thursday and Amsterdam on ...

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European Sovereign Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 16,032.07 25 9.75%
2 Barclays 15,041.98 19 9.15%
3 Citi 13,795.56 24 8.39%
4 HSBC 12,009.31 18 7.30%
5 BNP Paribas 10,802.75 16 6.57%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 41,726.66 111 12.22%
2 JPMorgan 29,288.84 79 8.58%
3 HSBC 29,000.04 74 8.49%
4 Bank of America Merrill Lynch 27,450.34 80 8.04%
5 Goldman Sachs 24,685.10 55 7.23%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 35,503.26 95 8.01%
2 HSBC 32,082.06 114 7.24%
3 Barclays 31,737.51 60 7.16%
4 UniCredit 30,989.16 83 6.99%
5 BNP Paribas 27,189.65 67 6.13%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 77,915.32 278 6.84%
2 JPMorgan 77,286.41 442 6.79%
3 HSBC 72,655.52 285 6.38%
4 Barclays 59,775.59 229 5.25%
5 Deutsche Bank 52,560.34 166 4.61%