Asia MoFs may need to sugar-coat bonds to attract investors

Asian governments with weakening currencies will have to pay up to attract investors to auctions of local assets, analysts have warned.

  • By Frances J. Yoon
  • 24 Jun 2013

US Federal Reserve chairman Ben Bernanke’s comments that quantitative easing could begin to be reduced later this year — and stop altogether by the second half of 2014 — is triggering a jump in Asian government bond yields as fund outflows grow.

Local currency-denominated debt has been hit particularly ...

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European Sovereign Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 4,065.52 3 14.97%
2 Citi 3,902.17 4 14.37%
3 HSBC 3,735.13 3 13.76%
4 BNP Paribas 3,073.09 4 11.32%
5 Barclays 2,241.64 2 8.26%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
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  • Today
1 JPMorgan 5,515.04 10 16.93%
2 Citi 4,570.65 7 14.03%
3 Barclays 4,294.63 4 13.19%
4 HSBC 3,991.33 4 12.25%
5 BNP Paribas 3,164.15 4 9.71%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
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  • Today
1 JPMorgan 7,944.50 9 12.59%
2 UniCredit 6,881.29 9 10.90%
3 HSBC 5,554.84 5 8.80%
4 BNP Paribas 4,996.87 7 7.92%
5 Bank of America Merrill Lynch 4,801.82 6 7.61%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
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  • Today
1 JPMorgan 14,090.09 29 12.36%
2 Citi 10,860.80 22 9.53%
3 HSBC 10,854.62 17 9.52%
4 Barclays 9,727.11 17 8.53%
5 BNP Paribas 8,260.87 15 7.25%