SSAs urged to get ahead on 2012 funding

Supranational and agency issuers must look to pre-fund, if they can, as market conditions deteriorate, bankers said this week. This could lead to an unusually busy end to the year.

  • 14 Oct 2011

This week provided a stable enough market for nine SSA borrowers to print $15bn (€11bn) of benchmarks. But although many issuers are close to completing funding programmes for the year, syndicate bankers are urging borrowers to pre-fund for 2012 where possible.

"When there are windows for issuance like this ...

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European Sovereign Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 4,124.57 4 6.43%
2 Citi 3,544.03 6 5.52%
3 NatWest Markets 3,044.30 2 4.75%
4 Goldman Sachs 2,534.37 4 3.95%
5 Barclays 2,461.72 2 3.84%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 7,345.04 5 14.82%
2 Deutsche Bank 6,126.48 5 12.36%
3 Goldman Sachs 5,848.17 7 11.80%
4 Citi 5,642.73 5 11.38%
5 JPMorgan 4,286.54 5 8.65%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Barclays 6,807.21 6 11.26%
2 JPMorgan 6,071.58 8 10.04%
3 Credit Agricole CIB 6,037.95 6 9.99%
4 Goldman Sachs 5,036.65 5 8.33%
5 Citi 5,011.57 14 8.29%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 11,669.62 35 9.30%
2 Citi 11,390.81 28 9.07%
3 Goldman Sachs 10,884.83 12 8.67%
4 HSBC 8,871.46 11 7.07%
5 Barclays 8,770.21 9 6.99%