NRW.Bank

  • 13 Mar 2009

Guarantor: State of North Rhine Westphalia

Rating: Aa1/AA-/AAA

Amount: Eu2bn

Maturity: 18 March 2014

Fixed re-offer price: 99.647

Coupon: 3.375%

Spread at re-offer: 70bp over mid-swaps

Launched: Wednesday 11 March

Payment date: 18 March

Lead mgrs: Barclays Capital, Commerzbank, Dresdner Kleinwort, DZ Bank, LBBW, UniCredit

Borrower’s comment:

There was astonishingly little price discussion on this — the price ...

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European Sovereign Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 Citi 18,605.78 27 8.83%
2 HSBC 16,094.53 24 7.64%
3 Barclays 15,995.15 26 7.59%
4 BNP Paribas 15,919.65 22 7.55%
5 Goldman Sachs 14,733.99 25 6.99%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 53,463.63 126 11.61%
2 Citi 52,833.87 135 11.48%
3 HSBC 35,719.21 90 7.76%
4 Bank of America Merrill Lynch 34,298.88 106 7.45%
5 Deutsche Bank 31,212.00 75 6.78%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 UniCredit 34,793.50 122 7.22%
2 HSBC 34,778.70 117 7.22%
3 Barclays 33,100.55 82 6.87%
4 Goldman Sachs 31,906.26 88 6.62%
5 BNP Paribas 31,647.57 69 6.57%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 96,179.86 335 7.29%
2 JPMorgan 94,013.25 550 7.13%
3 HSBC 82,198.94 302 6.23%
4 Barclays 67,551.66 221 5.12%
5 Bank of America Merrill Lynch 66,801.88 220 5.07%