Bank of England to rouse SSA market back to life after washout week

The $2bn three year bond that the Bank of England has scheduled for Monday should highlight the SSA sector’s health despite a week of no substantial issues and the withdrawal of some Middle Eastern central bank buyers. While the deal represents the first test of investor appetite for SSAs since the washout, a defensive issue from a triple-A credit is ideal, bankers judged.

  • 25 Feb 2011
"As we are still in a slightly risk-off world, investors are probably more focused on the front end of the curve, but the market isn’t closed by any stretch of the imagination," said Richard Gustard, head of SSA syndicate and trading at JP Morgan. "The lack of supply ...

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European Sovereign Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 Barclays 14,544.75 18 10.40%
2 JPMorgan 13,122.11 20 9.38%
3 Citi 12,168.30 20 8.70%
4 HSBC 10,850.10 15 7.76%
5 NatWest Markets 9,080.61 8 6.49%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 34,885.75 94 12.11%
2 JPMorgan 26,042.73 65 9.04%
3 HSBC 25,202.58 59 8.75%
4 Bank of America Merrill Lynch 22,291.68 66 7.74%
5 Deutsche Bank 19,993.80 31 6.94%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 33,318.06 81 8.62%
2 Barclays 29,485.51 52 7.63%
3 HSBC 26,952.63 95 6.97%
4 UniCredit 26,134.28 69 6.76%
5 BNP Paribas 24,865.12 56 6.43%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 69,085.54 386 7.10%
2 Citi 66,101.70 243 6.79%
3 HSBC 62,345.52 237 6.40%
4 Barclays 54,023.54 198 5.55%
5 Deutsche Bank 45,779.29 142 4.70%