ADB uses rarity value to bag giant Kanga

The Asian Development Bank (ADB) used its rarity value to print the largest deal since the Australian Prudential Regulation Authority’s announcement in February that it would exclude SSA paper from Liquidity Coverage Ratios.

  • 03 Jun 2011

Such scarcity and a strong regional following allowed the issuer to print inside some of its typically more expensive peers, as international buyers continued to take up the slack from the domestic banks affected by the APRA decision.

"Although ADB is a less frequent issuer compared to some European ...

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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%