SNS Reaal bad bank hits road for GG bond

Propertize, the winding up agency for Dutch bank SNS Reaal’s property finance division, mandated banks on Friday for a roadshow ahead of a debut bond issue. Propertize is only the second issuer to have an explicit guarantee from the Dutch government.

  • By Will Caiger-Smith
  • 27 Jan 2014
ABN Amro, Goldman Sachs, ING and RBS won the mandate and will arrange investor meetings beginning January 28. The roadshow will last for four days and the agency will meet investors from France, Germany and the Netherlands.
The issuer is expected to debut with a medium tenor deal the ...

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European Sovereign Bonds

Rank Lead Manager Amount €m No of issues Share %
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3 HSBC 8,757.05 9 9.19%
4 BNP Paribas 7,456.75 9 7.82%
5 Barclays 7,102.70 8 7.45%

Dollar Denominated SSA (Excl US Agency)

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4 Deutsche Bank 8,922.05 19 7.14%
5 HSBC 8,299.62 17 6.64%

Bookrunners of Euro Denominated SSA (Excl US Agency)

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4 BNP Paribas 14,270.46 23 7.01%
5 Barclays 13,882.61 26 6.82%

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1 JPMorgan 37,805.41 128 8.67%
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3 Citi 28,948.61 77 6.64%
4 Barclays 28,208.07 79 6.47%
5 Deutsche Bank 21,549.79 54 4.94%