• Dhami returns to market as Rabo syndicate boss

    Harman Dhami has joined Rabobank as head of DCM syndicate, succeeding Paul Vanner, who, after a sabbatical, will return to Rabo to further develop the bank's MTN platform.

    • 03 Dec 2018
  • BNG EUR750m 0.5% Nov 25 sustainable bond

    • 22 Nov 2018
  • BNG undersubscribed amid ‘uncertainty’

    Bank Nederlandse Gemeenten failed to reach full subscription for its €750m November 2025 sustainability bond this week, with the issuer attributing the lack of orders to the volatile market conditions.

    • 22 Nov 2018
  • Ico scores with first syndication of 2018, but BNG ‘a bit softer’

    A pair of socially responsible investment deals from public sector borrowers received mixed views on Monday from on-looking SSA bankers. Instituto de Crédito Oficial was able to tighten its spread by 3bp for its first syndication of 2018, while Bank Nederlandse Gemeenten returned for its second sustainability bond of the year.

    • 19 Nov 2018
  • SRI takes centre stage in SSA

    Socially responsible investment deals were the focus of attention in the primary SSA market this week, as the World Bank and the Flemish Community of Belgium sold well-received green and sustainability bonds, respectively. Bank Nederlandse Gemeenten and Eurofima have added to the public sector SRI pipeline, which is showing no signs of slowing down as the year end approaches.

    • 15 Nov 2018
  • Flemish Community scoops up SRI demand, BNG lines up

    The Flemish Community of Belgium was twice covered for its debut sustainability bond on Monday, following the completion of a pan-European roadshow last week. Meanwhile, Bank Nederlandse Gemeenten has added to the SRI pipeline after mandating banks for its second sustainability trade of the year.

    • 12 Nov 2018
  • NWB EUR600m 1.5% Jun 39 affordable housing bond

    • 08 Nov 2018
  • SRI pipe builds as NWB increases deal

    Nederlandse Waterschapsbank (NWB) will look to fill the €1bn-€1.5bn it has left to raise this year with its annual water bond benchmark and potentially a short end benchmark. That is in keeping with the wider SSA market, where bankers expect socially responsible investment (SRI) issuance to form the bulk of this year’s final trades.

    • 08 Nov 2018
  • EFSF looks to emulate KfW in euro fives

    The European Financial Stability Facility has opted to tackle a part of the euro curve where KfW found substantial demand last week, with a trade that SSA bankers said should provide a steer on the health of the euro market. There was one positive sign for the sector on Monday, as a Dutch agency increased the size of an SRI bond from its initial target.

    • 05 Nov 2018
  • High hopes that Dutch state green bond will encourage others, define best practice

    Green bond bankers believe the Dutch government’s decision to issue its first green bond next year will encourage other borrowers in the country to follow suit — even though many of the large bond issuers have already done so. They are speculating about whether the government might break its long habit and syndicate the bond — and also hope it will use the opportunity to set a template of best practice, writes Jon Hay.

    • 01 Nov 2018
  • KfW sparkles in euros but ‘jury out’ on whether others can

    A megayacht of a trade from KfW this week suggested that potential headwinds — including the end of quantitative easing, Italy’s reckoning with the European Commission and Angela Merkel’s plan to step away from politics — are failing to sink sentiment in the euro market. But some SSA bankers warned that the trade was more just proof that KfW can float in these conditions — and that an upcoming deal for the European Financial Stability Facility (EFSF) will be a better buoy for the sector’s currents.

    • 01 Nov 2018
  • Netherlands clears way for 2019 green bond debut

    The Netherlands plans to join the burgeoning list of sovereign green bond issuers and could become the first triple-A rated country in the group. Whether the bond will be via syndication or the country's preferred auction method has yet to be decided. Meanwhile, two of the country’s public sector SRI borrowers were busy in the format this week.

    • 31 Oct 2018
  • SSA market pressures ECB on Ester publication

    Public sector bond market participants are growing increasingly frustrated at the pace of the implementation of Ester, the alternative euro risk-free rate to replace Euribor. Borrowers are unable to plan for, let alone issue, a bond linked to the benchmark without the rate being published by the European Central Bank. That leaves the euro far behind other markets where Libor is being replaced, writes Burhan Khadbai.

    • 04 Oct 2018
  • Rabobank changes FIG and SSA DCM head

    Rabobank has made an internal appointment to replace its head of FIG and SSA debt capital markets.

    • 01 Oct 2018
  • Green bond head changes at Rabobank

    Rabobank's head of sustainable markets has left the bank, to take up a job in Brazil. He will be replaced by a colleague who has worked in sustainability for many years.

    • 10 Aug 2018
  • Free sustainable investing benchmarks grow with human rights study

    The movement to create free investment benchmarks to support the Sustainable Development Goals is gathering pace, with the launch this week of a major survey of corporate human rights performance.

    • 17 May 2018
  • CEB EUR500m 0.375% Mar 25 social inclusion bond

    • 22 Mar 2018
  • Social inclusion bond prints in clear field

    The euro market was all but deserted this week, but one borrower broke the silence, hitting screens for a socially responsible investment bond on Tuesday.

    • 22 Mar 2018
  • CEB prints on the curve with second social inclusion bond

    The Council of Europe Development Bank returned to the market for socially responsible investments on Tuesday, printing a seven year “social inclusion” bond.

    • 20 Mar 2018
  • CEB mandates for social inclusion bond

    The Council of Europe Development Bank’s long awaited social inclusion bond will come to market on Tuesday, following a two week roadshow.

    • 19 Mar 2018
  • Land NRW breaks size record with sustainability bond

    The German State of North-Rhine Westphalia came to market this week with its fourth sustainability bond. The bond is the issuer’s largest ever, narrowly outstripping several €2bn bonds at €2.025bn.

    • 08 Mar 2018
  • Land NRW EUR2.025bn 0.95% Mar 28 sustainability bond

    • 08 Mar 2018
  • Land NRW gets largest ever deal with sustainability bond

    The State of North Rhine Westphalia broke its size record with a sustainability bond on Tuesday, printing €2.025bn and cutting 2bp from guidance to offer a skinny new issue premium.

    • 06 Mar 2018
  • Land NRW readies sustainability deal as CEB hits the road

    The SRI market is in full swing. Two borrowers are set to come to market on Tuesday, while a third is going on the road to promote its return to the format.

    • 05 Mar 2018
  • EAA EUR1bn 0% Feb 21

    • 22 Feb 2018
  • NWB, KfW line up as EIB and EAA bring home euros

    The euro SSA market is returning to a more aggressive pace of issuance after a slackening in tempo last week. Two borrowers raised a combined €3bn on Wednesday and another pair are set to print on Thursday.

    • 21 Feb 2018
  • Spain lands €6bn at 30 years

    Spain’s first trip to the long end of the curve in almost two years met with an overwhelming response, as the sovereign received one of the largest books ever for a 30 year bond.

    • 20 Feb 2018
  • CEB ready for social spring, NRW preps sustainability

    The Council of Europe Development Bank (CEB) is planning to bring its second ever social inclusion bond in the spring, and has outlined to GlobalCapital the expected currency and tenor. The State of North Rhine-Westphalia also looks set to bring an SRI bond, after mandating banks on Wednesday for a roadshow.

    • 07 Feb 2018
  • MuniFin EUR500m 1.25% Feb 33

    • 18 Jan 2018
  • New issue premiums shrink as run of big euro books extends

    Execution in the euro SSA market keeps getting better. New issue premiums are sliding as market participants adjust to new yield and spread levels, according to bankers and issuers.

    • 16 Jan 2018
  • Scorching euro conditions roll into week three

    The euro market, despite an increasingly hawkish central bank and strengthening euro, is proving immensely popular with borrowers. A pair of sovereigns hit screens on Monday for euro trades, as did two Nordic agencies.

    • 15 Jan 2018

All International Bonds

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 JPMorgan 542.53 2102 9.08%
2 Citi 458.99 1751 7.68%
3 BofA Securities 452.23 1774 7.57%
4 Barclays 327.53 1335 5.48%
5 Goldman Sachs 317.83 1142 5.32%

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 JPMorgan 15.76 106 9.17%
2 Morgan Stanley 15.71 67 9.14%
3 Goldman Sachs 14.87 82 8.65%
4 Citi 12.56 72 7.30%
5 BofA Securities 11.86 62 6.90%