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  • Draghi sentences BTP market to capital punishment

    The European Central Bank set the alarm bells ringing for a fresh bout of volatility in the Italian government bond market on Thursday as it outlined its strategy for the reinvestments of its maturing bonds under the Public Sector Purchase Programme (PSPP). Burhan Khadbai reports.

    • 13 Dec 2018

  • France, Italy and the populist transmission mechanism

    France looks set to be in breach of European Union budget rules after president Emmanuel Macron promised a set of concessionary measures in an effort to quell the violent protests of the last few weeks. While, by the absolute letter of the law, France’s breach will not be as bad as Italy’s, such a situation will hardly do much to stem the rise of populism or boost the credibility of the EU.

    • 13 Dec 2018
  • ECB’s long-term PSPP reinvestments and low needs buoy SSAs

    Lower funding needs and the European Central Bank’s confirmation that reinvestments under its Public Sector Purchase Programme will go on for some time should be supportive for the SSA market in 2019, said funding officials and analysts, even after net buying under PSPP stops at the end of this year.

    • 13 Dec 2018
  • Gilts could lose haven status under ‘Corbyn premium’, say investors

    UK government bonds have been playing their traditional role as a haven trade for sterling investors amid the Brexit turmoil of the last 2.5 years. But some investors warn that this could change if the Labour Party wins a general election, as a ‘Corbyn premium’ will push up Gilt yields.

    • 13 Dec 2018
  • KfW to kick off funding ‘earlier than usual’ in 2019

    KfW will look to begin its benchmark funding earlier than normal in the new year, amid expected volatile market conditions.

    • 13 Dec 2018
  • Santander adds to MTN team

    Santander has picked up an ex-Deutsche Bank private debt banker for its MTN syndicate desk.

    • 13 Dec 2018
  • EIB lowers funding in 2019

    The European Investment Bank will borrow €10bn less in 2019 compared to this year, despite an increase in bond redemptions next year, the supranational announced on Thursday.

    • 13 Dec 2018
  • Belgium targets two OLO benchmarks in 2019

    Belgium is planning to issue two new fixed rate OLO benchmarks next year — a 10 year and a long term bond with a minimum maturity of 15 years, the sovereign’s debt agency said on Wednesday.

    • 12 Dec 2018
  • Cades eyes €4bn target for 2019 as OAT yields rise

    Caisse d’Amortissement de la Dette Sociale will have a slightly higher funding programme in 2019 than 2018, the agency said this week, as French government borrowing costs rose.

    • 12 Dec 2018
  • Brexit Armageddon grows more likely

    Rising hopes that the UK can escape the nightmare of Brexit are misplaced. A second referendum would carry huge risks, and even if the outcome were Remain, it would leave an unstable Britain with a damaged relationship with the rest of the EU.

    • 11 Dec 2018
  • NWB targets ‘at least 25%’ of 2019 funding in SRI

    Nederlandse Waterschapsbank plans to issue at least a quarter of its total funding next year with socially responsible bonds, according to a treasury official at the Dutch agency.

    • 11 Dec 2018
  • JP Morgan hires SSA trader from NatWest

    JP Morgan has picked up a banker from NatWest Markets to trade sterling SSAs.

    • 10 Dec 2018

The GlobalCapital View logo   Comment

  • France, Italy and the populist transmission mechanism

    France looks set to be in breach of European Union budget rules after president Emmanuel Macron promised a set of concessionary measures in an effort to quell the violent protests of the last few weeks. While, by the absolute letter of the law, France’s breach will not be as bad as Italy’s, such a situation will hardly do much to stem the rise of populism or boost the credibility of the EU.

    • 13 Dec 2018

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SSA Priced Deals Database

Issuer Trade Date BondMarker average score Currency
Italy 06-Dec-18 Score now EUR
European Union (EU) 04-Dec-18 EUR
Eurofima 03-Dec-18 EUR
European Investment Bank (EIB) 28-Nov-18 USD


European Sovereign Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 16,575.88 26 9.55%
2 Barclays 15,585.79 20 8.98%
3 Citi 15,428.98 26 8.89%
4 HSBC 12,009.31 18 6.92%
5 BNP Paribas 11,235.58 17 6.48%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 81,624.46 292 6.76%
2 JPMorgan 79,043.67 461 6.55%
3 HSBC 75,662.85 309 6.27%
4 Barclays 61,856.29 245 5.13%
5 Deutsche Bank 54,387.29 174 4.51%

European Sovereign Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 16,575.88 26 9.55%
2 Barclays 15,585.79 20 8.98%
3 Citi 15,428.98 26 8.89%
4 HSBC 12,009.31 18 6.92%
5 BNP Paribas 11,235.58 17 6.48%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 44,086.83 120 12.27%
2 HSBC 30,286.67 79 8.43%
3 JPMorgan 30,191.70 89 8.40%
4 Bank of America Merrill Lynch 28,521.47 88 7.94%
5 Goldman Sachs 26,512.56 61 7.38%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 35,517.09 98 7.61%
2 HSBC 33,384.07 130 7.16%
3 UniCredit 32,836.18 95 7.04%
4 Barclays 32,583.41 65 6.99%
5 BNP Paribas 28,107.64 70 6.03%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 81,624.46 292 6.76%
2 JPMorgan 79,043.67 461 6.55%
3 HSBC 75,662.85 309 6.27%
4 Barclays 61,856.29 245 5.13%
5 Deutsche Bank 54,387.29 174 4.51%