Unédic and Cades join French debt spree

Unédic and Cades contributed to an outpouring of euro denominated French supply this week with issuance from SSAs as well as corporate and financials. Bankers had expected a quiet session ahead of the Easter break with Cyprus and Italy continuing to worry market participants.

  • 28 Mar 2013

However, the French treasury, Cades and Unédic collectively took €10.5bn out of the market as investors sought the relative safety of French credit.

The surprise success of the week was the €1.5bn 10 year transaction for French social security association Unédic. It is the issuer’s first ever 10 year ...

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European Sovereign Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 16,575.88 26 9.55%
2 Barclays 15,585.79 20 8.98%
3 Citi 15,428.98 26 8.89%
4 HSBC 12,009.31 18 6.92%
5 BNP Paribas 11,235.58 17 6.48%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 44,056.07 119 12.31%
2 HSBC 30,286.67 79 8.46%
3 JPMorgan 30,034.04 86 8.39%
4 Bank of America Merrill Lynch 28,240.51 84 7.89%
5 Goldman Sachs 26,424.73 60 7.38%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 35,494.64 97 7.67%
2 HSBC 33,049.47 129 7.15%
3 UniCredit 32,836.18 95 7.10%
4 Barclays 32,248.82 64 6.97%
5 BNP Paribas 27,773.05 69 6.00%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 81,546.47 289 6.84%
2 JPMorgan 78,905.10 458 6.62%
3 HSBC 75,168.38 307 6.30%
4 Barclays 61,509.86 242 5.16%
5 Deutsche Bank 54,387.29 174 4.56%