Private markets tempt ever smaller issuers

Small, super rare issuers could tap the private bond markets to fund projects in growing numbers this year, following the lead of Centre Hospitalier de Roubaix’s debut €10m 19 year note.

  • By Craig McGlashan
  • 14 Feb 2014

The borrower is the first stand-alone French hospital to tap the bond markets, EuroWeek understands. Assistance Publique Hôpitaux de Paris has printed bonds before, but it represents a collection of hospitals.

Proceeds from the deal, which was sold by HSBC with a 3.6% coupon on February 5, will ...

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European Sovereign Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 12,246.43 15 13.00%
2 Citi 8,945.86 13 9.50%
3 HSBC 8,757.05 9 9.30%
4 BNP Paribas 7,456.75 9 7.92%
5 Barclays 7,102.70 8 7.54%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 15,302.55 32 13.00%
2 JPMorgan 11,776.97 24 10.00%
3 Barclays 9,740.96 19 8.27%
4 Deutsche Bank 8,922.05 19 7.58%
5 HSBC 7,950.34 15 6.75%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 21,412.15 34 10.83%
2 Credit Agricole CIB 15,745.14 24 7.97%
3 HSBC 15,567.13 30 7.88%
4 BNP Paribas 14,270.46 23 7.22%
5 Goldman Sachs 13,711.51 17 6.94%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 35,792.38 117 8.55%
2 HSBC 29,469.21 85 7.04%
3 Citi 28,235.59 73 6.75%
4 Barclays 27,271.20 75 6.52%
5 Credit Agricole CIB 21,228.34 46 5.07%