Transaction Tax To Boost Cost Of U.K. Debt

The European Union’s financial transaction tax could raise the U.K.’s cost of issuing its government debt by £3.95 billion ($5.98 billion) as investors could demand extra yield as their expense for trading the securities will rise, according to a study commissioned by the City of London Corporation.

  • 03 Apr 2013

The European Union’s financial transaction tax could raise the U.K.’s cost of issuing its government debt by £3.95 billion ($5.98 billion) as investors could demand extra yield as their expense for trading the securities will rise, according to a study commissioned by the City of London Corporation.

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Citi 2,007 6 16.61
2 Goldman Sachs 1,798 4 14.88
3 BNP Paribas 1,434 4 11.87
4 Barclays 1,097 2 9.08
5 Morgan Stanley 1,094 2 9.06

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 20,542.69 67 10.85%
2 JPMorgan 18,820.53 50 9.94%
3 Bank of America Merrill Lynch 17,976.22 56 9.49%
4 Wells Fargo Securities 16,568.24 48 8.75%
5 Barclays 13,499.53 45 7.13%