Eurobills deemed unfit unless EU Treaty changed

Legal experts this week poured cold water on proposals for a rapid move towards issuance of Eurobills as a way of easing the eurozone’s sovereign debt crisis. According to one leading financial lawyer, the instruments cannot be issued without changes to the EU Treaty, striking down their touted advantages of being quick and easy to launch.

  • 22 Jun 2012

Eurobills — short term debt with tenors of up to one year jointly issued by EU member states — form part of the first step in a roadmap created by French MEP Sylvie Goulard to move the bloc towards the issuance of common Eurobonds.

Eurobonds have been suggested ...

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All International Bonds

Rank Lead Manager Amount $m No of issues Share %
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  • Today
1 Citi 325,692.23 1268 8.08%
2 JPMorgan 318,171.08 1387 7.90%
3 Bank of America Merrill Lynch 293,301.12 1008 7.28%
4 Barclays 245,918.13 920 6.10%
5 Goldman Sachs 217,162.09 730 5.39%

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Rank Lead Manager Amount $m No of issues Share %
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1 BNP Paribas 45,688.28 179 7.05%
2 JPMorgan 43,572.44 88 6.72%
3 UniCredit 35,452.34 152 5.47%
4 Credit Agricole CIB 33,170.05 159 5.12%
5 SG Corporate & Investment Banking 32,244.80 125 4.97%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 13,643.79 60 8.96%
2 Goldman Sachs 13,204.47 65 8.68%
3 Citi 9,716.40 55 6.38%
4 Morgan Stanley 8,471.86 53 5.57%
5 UBS 8,136.41 33 5.35%