Sovereigns align after French and Belgian benchmarks

Kingdom of Belgium and Agence Française de Developpement enjoyed strong demand for five year euro benchmarks this week, but new issue premia of 3bp-4bp apiece showed that the merry days of January are long gone for euro issuers. Nonetheless a pair of oversubscribed deals bodes well for a bevy of sovereign issuers that are eyeing up euros for next week and beyond.

  • 22 Feb 2013

Ireland’s debt management office is rumoured to be considering a 10 year deal next week — and investors are thought to be receptive, provided, of course that Europe’s capital markets aren’t roiled by the results of Italian governmental elections at the weekend.

"The market is there for them but ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.

European Sovereign Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 Barclays 13,577.78 16 10.55%
2 Citi 12,045.36 19 9.36%
3 JPMorgan 11,945.26 17 9.28%
4 HSBC 10,316.86 14 8.01%
5 NatWest Markets 8,487.83 7 6.59%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 29,150.83 75 12.01%
2 HSBC 22,658.54 50 9.34%
3 JPMorgan 20,595.64 53 8.49%
4 Deutsche Bank 19,242.86 28 7.93%
5 Bank of America Merrill Lynch 18,058.50 54 7.44%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 26,713.57 61 8.22%
2 Barclays 24,851.88 42 7.65%
3 HSBC 23,229.76 78 7.15%
4 UniCredit 23,038.67 57 7.09%
5 BNP Paribas 21,252.17 39 6.54%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 57,446.57 306 7.16%
2 Citi 55,651.25 194 6.94%
3 HSBC 55,446.70 198 6.91%
4 Barclays 45,831.83 154 5.71%
5 Deutsche Bank 42,500.76 118 5.30%