Short-end demand drives tight dollar pricing

African Development Bank and KfW have issued two year dollar bonds at impressive prices this week. They issued $1bn apiece, priced 5bp to 6bp through their secondary curves, as investors seek current coupon bonds at the short end of the curve. Now Cades is in the market with a three year to be priced at plus 2bp, again around 5bp through secondaries. At the other end of the maturity spectrum, European Investment Bank has issued a $1bn seven year at mid-swaps plus 12.5bp, which EuroWeek understands was not fully subscribed. For further analysis, read EuroWeek on Friday

  • 18 Nov 2009

Jo Richards +44 20 7779 7315

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All International Bonds

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 JPMorgan 382.58 1783 8.34%
2 Citi 353.07 1524 7.70%
3 Bank of America Merrill Lynch 303.84 1316 6.62%
4 Barclays 273.76 1151 5.97%
5 HSBC 225.75 1249 4.92%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 57.17 234 8.33%
2 Credit Agricole CIB 44.53 208 6.48%
3 JPMorgan 34.03 99 4.96%
4 UniCredit 30.44 162 4.43%
5 SG Corporate & Investment Banking 30.18 151 4.39%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 JPMorgan 13.16 82 8.24%
2 Goldman Sachs 12.81 65 8.02%
3 Morgan Stanley 12.18 55 7.62%
4 Citi 10.09 71 6.32%
5 Credit Suisse 6.93 38 4.34%