ADB pushes its luck as SSAs hit $

The Asian Development Bank took advantage of buoyant funding conditions in dollars this week to sell a seven year bond at the tightest print versus mid-swaps that an issuer in the sovereign, supranational and agency sector has achieved in four years. Council of Europe and the European Bank for Reconstruction & Development also cashed in on the strong market and sold opportunistic non-benchmarks.

  • 16 Mar 2012

The ADB printed its $1bn global on Wednesday through JP Morgan and Morgan Stanley. It was just oversubscribed, said the leads, and attracted more than $1bn orders from 38 investors.

"The seven year part of the curve presents the best opportunity for issuers to extend beyond the five ...

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European Sovereign Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 12,246.43 15 13.00%
2 Citi 8,945.86 13 9.50%
3 HSBC 8,757.05 9 9.30%
4 BNP Paribas 7,456.75 9 7.92%
5 Barclays 7,102.70 8 7.54%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 15,302.55 32 13.00%
2 JPMorgan 11,776.97 24 10.00%
3 Barclays 9,740.96 19 8.27%
4 Deutsche Bank 8,922.05 19 7.58%
5 HSBC 7,950.34 15 6.75%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 21,200.18 33 10.82%
2 Credit Agricole CIB 15,745.14 24 8.03%
3 HSBC 15,567.13 30 7.94%
4 BNP Paribas 14,270.46 23 7.28%
5 Goldman Sachs 13,711.51 17 7.00%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 35,792.38 117 8.55%
2 HSBC 29,469.21 85 7.04%
3 Citi 28,235.59 73 6.75%
4 Barclays 27,271.20 75 6.52%
5 Credit Agricole CIB 21,228.34 46 5.07%