Confusion reigns as banks mobilise for EFSF

Bankers are preparing to pitch for mandates from the European Financial Stability Facility (EFSF) in the event it should be required to issue debt. However, debilitating uncertainty and confusion surrounds the whole process.

  • 16 Jul 2010
Firstly, it is not clear if the pitches will be made to the Luxembourg-based entity itself or to the German Finanzagentur, which is tasked with issuing the bonds if required. The mechanics of the new SPV are also shrouded in mystery, and these are not likely to be ...

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European Sovereign Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 4,822.01 5 13.56%
2 NatWest Markets 3,741.73 3 10.52%
3 Citi 3,544.03 6 9.97%
4 Goldman Sachs 3,231.80 5 9.09%
5 Barclays 2,461.72 2 6.92%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 8,810.54 8 13.49%
2 Citi 7,908.60 13 12.11%
3 Deutsche Bank 7,559.81 8 11.58%
4 JPMorgan 6,346.27 9 9.72%
5 Goldman Sachs 6,147.24 8 9.41%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Barclays 7,351.66 8 10.92%
2 JPMorgan 6,925.07 9 10.28%
3 Credit Agricole CIB 6,342.60 7 9.42%
4 Goldman Sachs 5,890.15 6 8.75%
5 Citi 5,011.57 14 7.44%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 18,120.72 41 10.07%
2 JPMorgan 15,284.47 47 8.49%
3 HSBC 13,506.20 23 7.50%
4 Barclays 12,988.29 17 7.22%
5 Goldman Sachs 12,082.56 15 6.71%