France’s Cades strikes twice before Eu70bn 2011 challenge

Tapping the market for 10 year US dollars and euros this week, French agency Caisse d’Amortissement de la Dette Sociale (Cades) faced challenges that might have made other issuers blanch. Included here is a leap in the borrowing requirement to Eu70bn next year.

  • 22 Oct 2010
With hostility to domestic economic reform made obvious by a population on the streets, and a reluctance by investors to consider long dated dollars through the crisis, bankers said Cades had done well to get the deals away.The two issues this week all but complete Cades’s long term ...

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European Sovereign Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 Barclays 10,381.54 13 11.10%
2 JPMorgan 10,114.01 13 10.81%
3 Citi 9,037.14 14 9.66%
4 HSBC 7,587.14 11 8.11%
5 NatWest Markets 6,826.39 6 7.30%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 26,134.07 57 12.80%
2 HSBC 19,790.42 41 9.70%
3 JPMorgan 16,706.47 37 8.19%
4 Deutsche Bank 15,761.17 21 7.72%
5 Bank of America Merrill Lynch 14,692.17 42 7.20%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 20,445.19 36 9.01%
2 Barclays 18,911.32 28 8.33%
3 HSBC 16,371.81 48 7.21%
4 BNP Paribas 14,874.19 26 6.55%
5 NatWest Markets 13,451.59 14 5.93%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 45,065.74 141 7.91%
2 JPMorgan 44,128.10 195 7.75%
3 HSBC 41,277.00 136 7.25%
4 Barclays 33,170.15 96 5.82%
5 Deutsche Bank 30,297.39 84 5.32%