KfW shines in hectic week for SSAs in dollars

Heavy buying from central banks and bank treasuries has given sovereign, supranational and agency borrowers an extraordinary run in the dollar market this week despite the continuing low yield environment with $9.25bn of tightly priced supply being absorbed with ease.

  • 27 May 2011

The highlight of the week was the $5bn five year global from KfW, which was the largest five year dollar bond by the issuer and, at mid-swaps plus 1bp, posted the tightest five year pricing of the recent wave of issuance.

But Rentenbank and OKB were also successful with ...

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European Sovereign Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 14,855.48 22 11.53%
2 HSBC 11,564.92 14 8.97%
3 Citi 11,516.11 17 8.94%
4 BNP Paribas 9,658.90 15 7.50%
5 SG Corporate & Investment Banking 9,565.12 12 7.42%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 23,295.27 53 12.79%
2 JPMorgan 19,716.36 48 10.82%
3 Barclays 12,625.49 27 6.93%
4 HSBC 12,525.90 30 6.87%
5 Deutsche Bank 11,082.27 24 6.08%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 30,754.04 60 10.09%
2 HSBC 21,914.95 64 7.19%
3 Credit Agricole CIB 21,079.26 45 6.91%
4 BNP Paribas 20,894.22 43 6.85%
5 Goldman Sachs 18,777.54 34 6.16%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 56,026.07 242 8.13%
2 HSBC 44,795.14 157 6.50%
3 Citi 43,632.13 123 6.33%
4 Barclays 36,671.77 126 5.32%
5 Deutsche Bank 30,036.64 92 4.36%