Top Stories
-
IFC restarts sterling SSA with rare seven year
International Finance Corporation mandated banks for a new sterling benchmark deal on Monday, with the issuer returning to the currency for the second time this year.
-
Greece bailout exit paves way for bond market return
Greece is expected to return to the bond market before the end of the year, after it exited its third bailout programme on Monday. But the sovereign needs the ‘perfect’ window amid emerging and peripheral market volatility, according to bankers.
-
Former HSBC sustainable bonds head Clarke's new firm revealed
Victoria Clarke, former head of sustainable bonds EMEA at HSBC, will be joining a rival bank's public sector origination operations.
-
Cades-AFT to complete operational merger by year-end
The operational merger of Cades and Agence France Trésor will be completed by the end of 2018, with a full integration of staff from both agencies.
-
World Bank’s first SOFR sparks price discussion
The World Bank priced a landmark deal this week as financial markets ween themselves off Libor. But the execution of the $1bn August 2020 bond, the supranational's first with a coupon linked to the Secured Overnight Financing Rate, sparked a debate about the premium the borrower paid. Burhan Khadbai reports.
-
Haven assets benefit as Italy and Turkey spark safety rush
Concerns over the upcoming budget from Italy’s populist government — as well as the months’ long economic crisis in Turkey — took its toll on government bond yields in the eurozone periphery this week. But a hunt for safe assets among investors did play into the hands of top tier credits.
-
SSA banker leaves Morgan Stanley
A London-based SSA syndicate banker at Morgan Stanley has left the bank a year after joining, GlobalCapital understands.
Join our SSA LinkedIn group!
Go to GlobalCapital's SSA data pages for the latest information on priced deals, borrower funding progress, league tables and upcoming deals.
Comment
-
Ain’t nothing but a number
Yields on Turkey’s sovereign debt hit 20% this week, stoking fears of a debt crisis. But breaking the purported psychological importance of the 20% ceiling does not add much to the well-established litany of issues facing the country’s economy.
SSA Priced Deals Database
| Issuer | Trade Date | BondMarker average score | Currency |
|---|---|---|---|
|
|
|||
| World Bank (IBRD) | 14-Aug-18 | USD | |
| KfW | 14-Aug-18 | EUR | |
| L-Bank | 08-Feb-18 | GBP | |
| World Bank (IBRD) | 01-Aug-18 | 7.27 | EUR |
Sovereigns
Supranationals and agencies
Sub-sovereigns
MTNs and CP
People and markets
Bond comments
European Sovereign Bonds
| Rank | Lead Manager | Amount €m | No of issues | Share % |
|---|---|---|---|---|
| 1 | Barclays | 13,577.78 | 16 | 10.48% |
| 2 | Citi | 12,045.36 | 19 | 9.30% |
| 3 | JPMorgan | 11,945.26 | 17 | 9.22% |
| 4 | HSBC | 10,316.86 | 14 | 7.96% |
| 5 | NatWest Markets | 8,487.83 | 7 | 6.55% |
Bookrunners of Global SSA (Excl US Agency)
| Rank | Lead Manager | Amount $m | No of issues | Share % |
|---|---|---|---|---|
| 1 | JPMorgan | 59,631.02 | 334 | |
| 2 | Citi | 59,284.35 | 218 | |
| 3 | HSBC | 56,064.57 | 206 | |
| 4 | Barclays | 47,788.04 | 175 | |
| 5 | Deutsche Bank | 43,643.71 | 131 | |
Want full access to GlobalCapital?
If you are new to GlobalCapital or you already subscribe to some of our channels you can still easily extend your access.
Take a trial to the entire site or subscribe online to see all our capital markets news, opinion and data sets.
Don't miss out!
Free trial
Latest Issue
Read the magazine on your mobile device
Bank Profiles
Latest news by market and league table performance
European Sovereign Bonds
| Rank | Lead Manager | Amount €m | No of issues | Share % |
|---|---|---|---|---|
| 1 | Barclays | 13,577.78 | 16 | 10.48% |
| 2 | Citi | 12,045.36 | 19 | 9.30% |
| 3 | JPMorgan | 11,945.26 | 17 | 9.22% |
| 4 | HSBC | 10,316.86 | 14 | 7.96% |
| 5 | NatWest Markets | 8,487.83 | 7 | 6.55% |
Dollar Denominated SSA (Excl US Agency)
| Rank | Lead Manager | Amount $m | No of issues | Share % |
|---|---|---|---|---|
| 1 | Citi | 31,408.33 | 81 | 12.22% |
| 2 | JPMorgan | 23,640.34 | 56 | 9.20% |
| 3 | HSBC | 23,014.61 | 52 | 8.95% |
| 4 | Bank of America Merrill Lynch | 19,900.14 | 59 | 7.74% |
| 5 | Deutsche Bank | 19,121.36 | 29 | 7.44% |
Bookrunners of Euro Denominated SSA (Excl US Agency)
| Rank | Lead Manager | Amount $m | No of issues | Share % |
|---|---|---|---|---|
| 1 | JPMorgan | 27,037.51 | 66 | 7.92% |
| 2 | Barclays | 25,435.97 | 46 | 7.45% |
| 3 | UniCredit | 25,297.29 | 63 | 7.41% |
| 4 | HSBC | 23,482.89 | 81 | 6.88% |
| 5 | BNP Paribas | 21,888.86 | 45 | 6.41% |
Bookrunners of Global SSA (Excl US Agency)
| Rank | Lead Manager | Amount $m | No of issues | Share % |
|---|---|---|---|---|
| 1 | JPMorgan | 59,631.02 | 334 | |
| 2 | Citi | 59,284.35 | 218 | |
| 3 | HSBC | 56,064.57 | 206 | |
| 4 | Barclays | 47,788.04 | 175 | |
| 5 | Deutsche Bank | 43,643.71 | 131 | |
