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 JPMorgan 9,951.14 12 13.89%
2 Citi 7,280.23 9 10.16%
3 HSBC 5,813.76 5 8.12%
4 BNP Paribas 5,802.58 8 8.10%
5 Barclays 5,746.99 7 8.02%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 9,140.46 20 12.14%
2 JPMorgan 8,485.94 17 11.27%
3 Barclays 7,215.80 13 9.59%
4 Bank of America Merrill Lynch 5,863.94 19 7.79%
5 HSBC 5,764.61 9 7.66%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 15,490.59 23 10.81%
2 Credit Agricole CIB 13,234.00 19 9.24%
3 HSBC 11,041.26 21 7.70%
4 Goldman Sachs 10,202.29 12 7.12%
5 Barclays 10,190.11 13 7.11%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 25,051.88 71 8.78%
2 Barclays 21,533.79 49 7.55%
3 HSBC 20,527.83 55 7.20%
4 Citi 19,220.14 43 6.74%
5 Bank of America Merrill Lynch 16,931.81 46 5.94%