Emergency bridge loans in play as Portugal stares into the abyss

Already consigned to an international bail-out after the government collapsed on Wednesday, Portugal now faces the further humiliation of having to seek bridge financing to tide it over until rescue funds eventually arrive, analysts warned on Thursday night.

  • 25 Mar 2011

With its OTs trading above 8%, the Iberian sovereign’s access to debt markets is evaporating — just as it prepares for Eu6bn of redemptions next month and a further Eu5.4bn in June.

The lack of a new government, which could drag on for two months until elections are ...

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European Sovereign Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 13,145.26 17 13.20%
2 Citi 9,541.01 14 9.58%
3 HSBC 8,956.42 10 8.99%
4 BNP Paribas 7,456.75 9 7.49%
5 SG Corporate & Investment Banking 7,166.56 9 7.19%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 16,139.62 36 11.33%
2 JPMorgan 14,079.05 31 9.88%
3 Barclays 10,277.94 21 7.21%
4 HSBC 9,651.51 20 6.78%
5 Deutsche Bank 9,608.67 21 6.75%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 24,013.12 43 10.20%
2 HSBC 17,267.58 45 7.33%
3 BNP Paribas 16,950.33 29 7.20%
4 Credit Agricole CIB 16,768.27 33 7.12%
5 Barclays 15,192.79 29 6.45%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 41,493.22 161 8.11%
2 HSBC 33,864.88 118 6.62%
3 Citi 31,911.03 89 6.24%
4 Barclays 30,500.85 91 5.96%
5 Deutsche Bank 25,562.79 70 5.00%