Liquidity pays as KfW prices Eu5bn through sovereigns

Kreditanstalt für Wiederaufbau (KfW) firmly established itself as a government bond surrogate this week when its Eu5bn 10 year global bond achieved deep penetration into the portfolios of government bond buyers worldwide, despite pricing through its outstanding paper.

  • 23 Mar 2001
The book, run by Deutsche Bank, Schroder Salomon Smith Barney and UBS Warburg, surpassed the Eu9.5bn mark, enabling the deal to be priced at the tight end of the mid to high 40s spread range at 45bp over the January 2011 Bund, and 3bp through outstanding KfW securities. ...

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All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 101,974.94 404 8.29%
2 Citi 95,105.34 354 7.73%
3 Bank of America Merrill Lynch 82,200.55 309 6.68%
4 Barclays 81,531.75 289 6.63%
5 HSBC 65,681.57 320 5.34%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Bank of America Merrill Lynch 8,921.11 17 10.11%
2 Deutsche Bank 5,429.08 13 6.15%
3 Commerzbank Group 5,145.35 21 5.83%
4 BNP Paribas 4,907.83 23 5.56%
5 UniCredit 3,906.86 15 4.43%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 2,328.59 11 11.59%
2 Morgan Stanley 1,958.99 12 9.75%
3 Bank of America Merrill Lynch 1,598.67 7 7.96%
4 JPMorgan 1,371.27 7 6.83%
5 UBS 1,229.93 7 6.12%