Portugal finally gets with the US programme

The Republic of Portugal finally joined its eurozone partners this week by accessing the dollar market to supplement its government bond programme, issuing a $1.25bn five year transaction via Deutsche Bank, Goldman Sachs, HSBC and Morgan Stanley.

  • 19 Mar 2010
Portugal has not been to the dollar market since 1999 but, given the relative stability of Portugal’s government curve, a favourable tone in the dollar market and lack of competing supply, the borrower felt sufficiently comfortable to go ahead with its first dollar trade in more than 10 ...

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European Sovereign Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 Barclays 13,577.78 16 10.48%
2 Citi 12,045.36 19 9.30%
3 JPMorgan 11,945.26 17 9.22%
4 HSBC 10,316.86 14 7.96%
5 NatWest Markets 8,487.83 7 6.55%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 31,408.33 81 12.25%
2 JPMorgan 23,640.34 56 9.22%
3 HSBC 23,014.61 52 8.98%
4 Bank of America Merrill Lynch 19,900.14 59 7.76%
5 Deutsche Bank 19,121.36 29 7.46%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 27,037.51 66 7.92%
2 Barclays 25,435.97 46 7.45%
3 UniCredit 25,297.29 63 7.41%
4 HSBC 23,482.89 81 6.88%
5 BNP Paribas 21,888.86 45 6.41%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 59,631.02 334 6.92%
2 Citi 59,284.35 218 6.88%
3 HSBC 56,064.57 206 6.50%
4 Barclays 47,788.04 175 5.54%
5 Deutsche Bank 43,643.71 131 5.06%