Erste Bank der Oesterreichischen Sparkassen AG

  • 20 Jul 2006
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Rating: A1/A (Moody's/Fitch)
Amount: Sfr200m
Maturity: 18 August 2008
Issue price: 100.02
Coupon: three month Libor plus 2bp
Launch date: Monday 17 July
Payment date: 16 August
Sole mgr: Credit Suisse

Bookrunner's comment:

This is fully sold to money market funds and banks, the latter's treasuries being in need of repurchase paper for transactions with the Swiss central bank.

The market has been sluggish lately, but these kinds of clients have money that they must put to work as an alternative to just holding cash. We had two lead orders, and after a short pre-marketing process we were able to place the bond.

At this end of the curve — just like at the long end, where there has also been some new issue activity — only a limited number of investors are active and it requires some effort to find them.

  • 20 Jul 2006

All International Bonds

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 JPMorgan 92.59 388 8.96%
2 Citi 85.30 278 8.25%
3 BofA Securities 63.15 265 6.11%
4 Barclays 58.01 223 5.61%
5 Deutsche Bank 55.74 184 5.39%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 60.87 123 14.06%
2 Credit Agricole CIB 28.59 93 6.60%
3 Santander 25.41 90 5.87%
4 JPMorgan 23.88 61 5.52%
5 UniCredit 21.51 103 4.97%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 Goldman Sachs 2.07 11 10.42%
2 BofA Securities 1.40 6 7.01%
3 Citi 1.37 7 6.87%
4 Morgan Stanley 1.36 6 6.85%
5 JPMorgan 1.31 7 6.59%