Records tumble to Canada: ‘the best credit in the world’

Canada’s $3bn five year global has established a new record in the dollar market as only the second issuer to price in single digits over the US benchmark in recent memory, confirming its status as one of the most highly prized credits.

  • 10 Feb 2012
Guidance on the no grow five year was revised to 8bp over Treasuries, from 8bp-10bp over, and pricing was set at plus 8bp. This equated to around mid-swaps less 23.5bp — another record for the tightest swap spread for a sovereign since October 2008. It also compares with ...

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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 12.22%
2 JPMorgan 23,640.34 56 9.20%
3 HSBC 23,014.61 52 8.95%
4 Bank of America Merrill Lynch 19,900.14 59 7.74%
5 Deutsche Bank 19,121.36 29 7.44%

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 7.92%
2 Barclays 25,435.97 46 7.45%
3 UniCredit 25,297.29 63 7.41%
4 HSBC 23,482.89 81 6.88%
5 BNP Paribas 21,888.86 45 6.41%

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
2 Citi 59,284.35 218
3 HSBC 56,064.57 206
4 Barclays 47,788.04 175
5 Deutsche Bank 43,643.71 131