Sweden paves way for IFC and dollar deluge

A punchy pricing from Sweden this week has given SSA bankers renewed confidence that dollar buyers will take down supply despite the meagre spreads on offer, just as the International Finance Corporation (IFC) is about to come to market.

  • 26 Oct 2012

Sweden priced the trade through its secondary curve and at the tightest spread to US Treasuries from an SSA borrower for almost a decade As a result, the IFC’s deal could herald a late Indian summer of SSA supply in dollars.

The IFC is understood to be considering launching ...

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European Sovereign Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 Barclays 13,577.78 16 10.48%
2 Citi 12,045.36 19 9.30%
3 JPMorgan 11,945.26 17 9.22%
4 HSBC 10,316.86 14 7.96%
5 NatWest Markets 8,487.83 7 6.55%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 31,408.33 81 12.25%
2 JPMorgan 23,640.34 56 9.22%
3 HSBC 23,014.61 52 8.98%
4 Bank of America Merrill Lynch 19,900.14 59 7.76%
5 Deutsche Bank 19,121.36 29 7.46%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 27,037.51 66 7.93%
2 Barclays 25,435.97 46 7.46%
3 UniCredit 25,297.29 63 7.42%
4 HSBC 23,482.89 81 6.88%
5 BNP Paribas 21,888.86 45 6.42%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 59,631.02 334 6.97%
2 Citi 59,108.26 216 6.91%
3 HSBC 56,064.57 206 6.55%
4 Barclays 47,783.66 175 5.59%
5 Deutsche Bank 43,453.85 129 5.08%