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 JPMorgan 16,032.07 25 9.77%
2 Barclays 15,041.98 19 9.17%
3 Citi 13,795.56 24 8.41%
4 HSBC 11,845.99 17 7.22%
5 BNP Paribas 10,802.75 16 6.58%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 39,984.80 109 11.89%
2 JPMorgan 29,288.84 79 8.71%
3 HSBC 28,443.59 72 8.46%
4 Bank of America Merrill Lynch 27,301.17 79 8.12%
5 Goldman Sachs 24,436.35 54 7.27%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 35,503.26 95 8.03%
2 HSBC 31,898.18 113 7.22%
3 Barclays 31,737.51 60 7.18%
4 UniCredit 30,989.16 83 7.01%
5 BNP Paribas 27,189.65 67 6.15%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 77,286.41 442 6.86%
2 Citi 76,173.45 276 6.76%
3 HSBC 71,815.20 281 6.37%
4 Barclays 59,526.84 228 5.28%
5 Deutsche Bank 51,842.99 164 4.60%