Short is sweet — the continuing mantra of the dollar market

Dollar issuance is still focused on two and three years as the yield curve continues to steepen. The Asian Development Bank’s $1bn three year global was well received, the book reaching $1.2bn in the space of five hours despite the deal being priced flat to its outstanding February 2011s at mid-swaps plus 25bp. But KfW printed only $2bn in its two year global at plus 30bp rather than the $3bn plus the issuer had hoped to raise. Cades is now in the market with a two year Eurodollar bond, also at plus 30bp. Is the appeal of the big borrowers wearing thin despite the generous spreads on offer? Read this week’s EuroWeek to get market opinions.

  • 04 Feb 2009
Jo Richards +44 20 7440 6021 ...

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All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 20,521.83 80 6.93%
2 Barclays 20,382.90 37 6.89%
3 JPMorgan 18,760.94 72 6.34%
4 Goldman Sachs 17,444.96 41 5.89%
5 BNP Paribas 16,525.22 36 5.58%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 48,528.41 214 6.32%
2 Deutsche Bank 44,075.51 161 5.74%
3 BNP Paribas 41,452.79 240 5.40%
4 JPMorgan 37,278.65 134 4.85%
5 SG Corporate & Investment Banking 36,258.27 187 4.72%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Goldman Sachs 1,607.28 5 24.01%
2 Credit Suisse 1,301.65 4 19.45%
3 UBS 970.80 3 14.50%
4 BNP Paribas 522.35 4 7.80%
5 SG Corporate & Investment Banking 444.17 3 6.64%