Spain’s FADE kept in limbo by peripheral volatility

Issuance plans for the debut bond by FADE (Fondo de Amortización del Déficit Eléctrico), the entity formed to fund repayment of the tariff deficit to Spanish utilities, remain on hold in the face of extreme volatility in peripheral government markets.

  • 03 Dec 2010
Lead managers BBVA, BNP Paribas, Crédit Agricole, Deutsche Bank, Goldman Sachs and Santander were hoping to launch the Eu2bn transaction by the middle of October but first a delay in obtaining approval from the Comisión Nacional del Mercado (CNMV), followed by pressure on Spanish sovereign spreads has left ...

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European Sovereign Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 Citi 18,481.15 26 8.79%
2 HSBC 16,094.53 24 7.65%
3 BNP Paribas 15,919.65 22 7.57%
4 Barclays 15,870.51 25 7.55%
5 Goldman Sachs 14,733.99 25 7.01%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 53,463.63 126 11.62%
2 Citi 52,833.87 135 11.48%
3 HSBC 35,802.36 90 7.78%
4 Bank of America Merrill Lynch 34,298.88 106 7.45%
5 Deutsche Bank 31,295.15 75 6.80%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 11 Dec 2017
1 UniCredit 34,793.50 122 7.24%
2 HSBC 34,778.70 117 7.24%
3 Barclays 32,929.25 80 6.85%
4 Goldman Sachs 31,906.26 88 6.64%
5 BNP Paribas 31,635.81 68 6.58%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 95,819.56 331 7.32%
2 JPMorgan 94,013.25 550 7.18%
3 HSBC 82,038.18 300 6.26%
4 Barclays 67,249.07 214 5.13%
5 Bank of America Merrill Lynch 66,702.63 219 5.09%