Public sector jumbo’s book underwhelms, but Eurohypo cites return to ‘more normal’ levels

Eurohypo launched its first public sector jumbo Pfandbrief in over two years this week, a Eu1bn five year deal that was priced at 12bp over mid-swaps on Thursday. A book in excess of Eu1.5bn underwhelmed some market participants away from the deal, but the issuer and leads said it was executed at the right price.

  • 04 Sep 2009

BNP Paribas, Citigroup, Commerzbank, HSBC and UBS opened books on Thursday morning with guidance set at 12bp-14bp over mid-swaps. This represented a minimal new issue premium to the issuer’s secondary curve, according to one of the leads.

"Eurohypo benefited from being a quality issuer that has not issued a ...

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All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 328,982.98 1272 8.11%
2 JPMorgan 320,525.86 1391 7.90%
3 Bank of America Merrill Lynch 295,678.15 1012 7.29%
4 Barclays 247,860.38 923 6.11%
5 Goldman Sachs 218,821.95 732 5.39%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 46,136.68 182 7.00%
2 JPMorgan 44,443.20 92 6.75%
3 UniCredit 35,639.50 153 5.41%
4 Credit Agricole CIB 33,211.72 160 5.04%
5 SG Corporate & Investment Banking 32,419.80 126 4.92%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 13,755.50 61 8.97%
2 Goldman Sachs 13,204.47 65 8.61%
3 Citi 9,716.40 55 6.34%
4 Morgan Stanley 8,471.86 53 5.53%
5 UBS 8,248.12 34 5.38%