Demand flows in for Apetra return

Apetra, the agency responsible for managing Belgium’s strategic oil reserves, made its second ever appearance in the capital markets on Tuesday. The agency saw very strong demand for the 10 year bonds, printing paper at the tight end of guidance from a book that was more than three times subscribed.

  • By Nathan Collins
  • 20 Sep 2013

BNP Paribas Fortis and ING priced the €400m 3.125% September 2023 paper at 35bp over the interpolated OLO curve, at the tight end of guidance of 35bp-40bp over OLOs. Initial price thoughts were offered at 40bp over OLOs.

The deal drew around €1.4bn of orders and pricing suggested ...

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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 9.77%
2 Barclays 15,041.98 19 9.17%
3 Citi 13,795.56 24 8.41%
4 HSBC 11,845.99 17 7.22%
5 BNP Paribas 10,802.75 16 6.58%

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 8.02%
2 HSBC 31,898.18 113 7.20%
3 Barclays 31,737.51 60 7.17%
4 UniCredit 30,989.16 83 7.00%
5 BNP Paribas 27,189.65 67 6.14%

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 6.86%
2 JPMorgan 77,286.41 442 6.80%
3 HSBC 72,471.64 284 6.38%
4 Barclays 59,775.59 229 5.26%
5 Deutsche Bank 52,560.34 166 4.62%