SSA bankers scrape around for business in supply drought

Sovereign, supranational and agency bankers are urging their clients to take advantage of receptive market conditions as dealers’ lack of inventory starts to bite, sending spreads ever tighter and investors struggling to find assets in the secondary market. The supply shortage is expected to worsen as Japanese investor buying kicks in on the back of quantitative easing and a heavy redemption schedule sets in, in May and June.

  • 03 May 2013
There is no definite pipeline for the coming week as non-farm payrolls on Friday and holidays in the UK, France and most of Europe on Monday, Wednesday and Thursday leave only a small issuance window on Tuesday. However, bankers are gearing up for a strong calendar in the ...

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European Sovereign Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 4,822.01 5 13.56%
2 NatWest Markets 3,741.73 3 10.52%
3 Citi 3,544.03 6 9.97%
4 Goldman Sachs 3,231.80 5 9.09%
5 Barclays 2,461.72 2 6.92%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 8,145.87 7 13.07%
2 Citi 7,659.35 12 12.29%
3 Deutsche Bank 7,559.81 8 12.13%
4 Goldman Sachs 6,147.24 8 9.86%
5 JPMorgan 6,097.01 8 9.78%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Barclays 7,351.66 8 10.92%
2 JPMorgan 6,925.07 9 10.28%
3 Credit Agricole CIB 6,342.60 7 9.42%
4 Goldman Sachs 5,890.15 6 8.75%
5 Citi 5,011.57 14 7.44%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 15,413.64 38 9.58%
2 JPMorgan 14,608.06 45 9.08%
3 Goldman Sachs 12,082.56 15 7.51%
4 Deutsche Bank 11,477.72 22 7.13%
5 HSBC 10,810.86 21 6.72%