Spain, Italy drive periphery recovery to fresh heights

Two of the most hotly anticipated sovereign syndications of the year struck a powerful combination blow this week in support of Europe’s periphery fightback. Italy and Spain, two borrowers that were being talked about as the next bail-out candidates barely a year ago, both priced blowout trades.

  • 17 May 2013

In doing so, they showed the riots that previously plagued the streets of their capitals have moved into the dealing rooms that provide them with capital. The European periphery is riding a QE-driven yield hunt back to full market access.

Despite the obvious mismatch between the insatiable appetite for ...

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European Sovereign Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 Barclays 13,577.78 16 10.48%
2 Citi 12,045.36 19 9.30%
3 JPMorgan 11,945.26 17 9.22%
4 HSBC 10,316.86 14 7.96%
5 NatWest Markets 8,487.83 7 6.55%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 31,408.33 81 12.25%
2 JPMorgan 23,640.34 56 9.22%
3 HSBC 23,014.61 52 8.98%
4 Bank of America Merrill Lynch 19,900.14 59 7.76%
5 Deutsche Bank 19,121.36 29 7.46%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 27,037.51 66 7.93%
2 Barclays 25,435.97 46 7.46%
3 UniCredit 25,297.29 63 7.42%
4 HSBC 23,482.89 81 6.89%
5 BNP Paribas 21,888.86 45 6.42%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 59,631.02 334 6.98%
2 Citi 59,108.26 216 6.91%
3 HSBC 56,064.57 206 6.56%
4 Barclays 47,783.66 175 5.59%
5 Deutsche Bank 43,453.85 129 5.08%