KfW returns to barren SSA Aussie market

KfW’s A$250 tap of its 2020 line on Thursday, re-opening part of the Australian dollar market, was the first SSA deal since the February announcement by Apra, the national regulator, of what could potentially be the toughest liquidity criteria for banks’ capital in the world.

  • 25 Mar 2011

The deal size also confirms the decrease in SSA transaction volume predicted by market participants around a month ago.

"We will continue to see SSA activity in the market but assume certain banks’ hesitance due to Apra’s announcements will bring overall deal sizes back to lower averages of ...

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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 9.75%
2 Barclays 15,041.98 19 9.15%
3 Citi 13,795.56 24 8.39%
4 HSBC 12,009.31 18 7.30%
5 BNP Paribas 10,802.75 16 6.57%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 41,726.66 111 12.18%
2 JPMorgan 29,288.84 79 8.55%
3 HSBC 29,166.22 75 8.51%
4 Bank of America Merrill Lynch 27,616.53 81 8.06%
5 Goldman Sachs 24,685.10 55 7.21%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 35,689.78 97 8.01%
2 HSBC 32,612.27 119 7.32%
3 Barclays 31,737.51 60 7.12%
4 UniCredit 30,989.16 83 6.95%
5 BNP Paribas 27,189.65 67 6.10%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 77,915.32 278 6.81%
2 JPMorgan 77,463.24 444 6.77%
3 HSBC 73,307.96 290 6.41%
4 Barclays 59,783.69 230 5.23%
5 Deutsche Bank 52,736.88 166 4.61%