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EFSF follows auction with surprise tap

The European Financial Stability Facility tapped 24 year debt, its longest dated bonds, on Thursday in a transaction driven by reverse enquiries. The deal followed an auction of 10 year debt earlier this week, and leaves the issuer more than three quarters of the way through its projected funding target for the quarter.

  • 15 Feb 2013
Commerzbank, Société Générale and UniCredit priced the €1bn tap of the EFSF’s 3.375% April 2037 notes at 45bp over mid-swaps, in line with guidance at 45bp area. The deal offers a 2bp-3bp new issue premium over the outstanding, according to the issuer, and brings the total size of ...

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European Sovereign Bonds

Rank Lead Manager Amount €m No of issues Share %
View full table
For detailed analysis: Dealogic
  • Last updated
  • Today
1 JPMorgan 13,145.26 17 13.20%
2 Citi 9,541.01 14 9.58%
3 HSBC 8,956.42 10 8.99%
4 BNP Paribas 7,456.75 9 7.49%
5 SG Corporate & Investment Banking 7,166.56 9 7.19%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
View full table
For detailed analysis: Dealogic
  • Last updated
  • Today
1 Citi 16,139.62 36 11.33%
2 JPMorgan 14,079.05 31 9.88%
3 Barclays 10,277.94 21 7.21%
4 HSBC 9,651.51 20 6.78%
5 Deutsche Bank 9,608.67 21 6.75%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
View full table
For detailed analysis: Dealogic
  • Last updated
  • Today
1 JPMorgan 24,013.12 43 10.20%
2 HSBC 17,267.58 45 7.33%
3 BNP Paribas 16,950.33 29 7.20%
4 Credit Agricole CIB 16,768.27 33 7.12%
5 Barclays 15,192.79 29 6.45%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
View full table
For detailed analysis: Dealogic
  • Last updated
  • Today
1 JPMorgan 41,493.22 161 8.11%
2 HSBC 33,864.88 118 6.62%
3 Citi 31,911.03 89 6.24%
4 Barclays 30,500.85 91 5.96%
5 Deutsche Bank 25,562.79 70 5.00%