IFC record deal as Kiwi volumes set to soar

The International Finance Corporation (IFC) sold the largest ever Kauri bond by an sovereign, supranational or agency issuer on Tuesday, capturing a record set just a fortnight before. 2013’s issuance of Kauri bonds has already topped 2012’s, with favourable market conditions and continued demand for Kiwi dollar debt suggesting that the deluge of issuance is unlikely to dry up soon.

  • 22 Feb 2013
ANZ, Bank of New Zealand and TD Securities priced the NZ$650m ($549.28m) 3.875% February 2018 paper at 64.1bp over the 6% December 2017 New Zealand sovereign bond. Pricing was in line with guidance, and roughly flat to the IFC’s curve in the currency — though Kauri paper tends ...

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European Sovereign Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 16,032.07 25 9.75%
2 Barclays 15,041.98 19 9.15%
3 Citi 13,795.56 24 8.39%
4 HSBC 12,009.31 18 7.30%
5 BNP Paribas 10,802.75 16 6.57%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 42,038.36 112 12.15%
2 HSBC 29,499.14 76 8.53%
3 JPMorgan 29,364.02 80 8.49%
4 Bank of America Merrill Lynch 27,616.53 81 7.98%
5 Goldman Sachs 25,018.02 56 7.23%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 35,689.78 97 8.01%
2 HSBC 32,612.27 119 7.32%
3 Barclays 31,737.51 60 7.12%
4 UniCredit 30,989.16 83 6.95%
5 BNP Paribas 27,189.65 67 6.10%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 78,270.97 280 6.83%
2 JPMorgan 77,582.38 446 6.77%
3 HSBC 73,351.92 291 6.40%
4 Barclays 60,095.39 231 5.24%
5 Deutsche Bank 52,736.88 166 4.60%