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 Barclays 14,544.75 18 10.40%
2 JPMorgan 13,122.11 20 9.38%
3 Citi 12,168.30 20 8.70%
4 HSBC 10,850.10 15 7.76%
5 NatWest Markets 9,080.61 8 6.49%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 34,822.11 93 12.31%
2 JPMorgan 25,979.10 64 9.18%
3 HSBC 24,143.03 57 8.53%
4 Bank of America Merrill Lynch 21,891.68 65 7.74%
5 Deutsche Bank 19,993.80 31 7.07%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 33,318.06 81 8.66%
2 Barclays 29,485.51 52 7.66%
3 HSBC 26,536.90 91 6.90%
4 UniCredit 26,134.28 69 6.79%
5 BNP Paribas 24,736.61 55 6.43%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 69,066.06 385 7.17%
2 Citi 65,940.01 242 6.84%
3 HSBC 62,024.66 232 6.44%
4 Barclays 53,951.51 196 5.60%
5 Deutsche Bank 45,779.29 142 4.75%