UK in the news

  • Warrington targeting bond via UK MBA

    The UK Municipal Bonds Agency is set to come to market for its third bond ever — this time, on behalf of Warrington Borough Council.

    • 23 Nov 2020
  • UK’s green plan slammed for lack of funding

    Boris Johnson, UK prime minister, announced on Tuesday night a 10 point plan for the environment, including phasing out petrol cars by 2030. But policy specialists are disappointed that the plan lacks financing commitments and especially that there is no announcement of a national investment bank.

    • 17 Nov 2020
  • Croydon’s insolvency could be just the beginning

    Giving cheap loans with few restrictions to local authorities via the Public Works Loan Board is not a suitable replacement for central government funding. This must change, or London Borough of Croydon will only be the first council to fall into insolvency.

    • 17 Nov 2020
  • Green Gilts carry risks as well as benefits

    Will Sir Robert Stheeman become the Green Knight?

    • 12 Nov 2020
  • UK’s Gilt and Taxonomy plans spark hopes of green bond surge

    The UK’s announcement that it would begin issuing green Gilts next year is raising hopes that it will inspire more green bond issuance from UK borrowers. But market participants are eager to see how the UK handles setting up a green debt programme and its own green taxonomy. Lewis McLellan and Jon Hay report.

    • 12 Nov 2020
  • UK seeks to regain green edge with Gilts, own Taxonomy, TCFD rule

    The UK will issue its first green Gilts next year, create its own Taxonomy of green activities and oblige large companies and investors to report as recommended by the Task Force on Climate-Related Financial Disclosures by 2025, the chancellor of the exchequer Rishi Sunak said on Monday.

    • 09 Nov 2020
  • BoE boosts QE, Gilts unmoved

    The Bank of England added £150bn to its quantitative easing programme at its monetary policy meeting on Thursday. The move will go a long way to soaking up the additional supply of Gilts.

    • 06 Nov 2020
  • Eppf enters arena as funding avenue for UK councils

    The London Borough of Sutton hit the market on Monday for £100m, opting to print the deal via European Primary Placement Facility (eppf), a digital bond issuance platform based in Luxembourg.

    • 02 Nov 2020
  • Market participants back Green+ Gilt proposal for sustainable Covid-19 recovery

    A group of some of the UK's biggest asset managers, professional bodies and banks are supporting a proposal for an SRI-themed UK sovereign debt product to deliver environmental and social benefits as part of the country’s recovery from the pandemic.

    • 08 Oct 2020
  • UK GBP6.5bn 0.5% Oct 61 tap

    • 24 Sep 2020
  • Sunak’s new jobs scheme will have ‘modest’ cost to UK Treasury

    The new jobs support scheme unveiled on Thursday by Rishi Sunak, the UK chancellor of the exchequer, will add a minimal cost to the Treasury’s finances and be much cheaper than the coronavirus furlough package, according to analysts. All eyes now are on how the coronavirus pandemic plays out in the coming months, which could bring a much bigger cost.

    • 24 Sep 2020
  • UK rides out new coronavirus fears to take £49bn book

    The UK rode out renewed fears of the resurgent coronavirus pandemic on Tuesday, printing its second syndicated deal of the month with an order book over seven times covered.

    • 22 Sep 2020
  • UK picks banks for second syndication in September

    The UK Debt Management Office has selected the banks which will lead its second syndicated transaction of the month, a tap of its 0.5% 2061 conventional Gilt.

    • 11 Sep 2020
  • UK GBP8bn 0.625% Jul 35

    • 10 Sep 2020
  • People news in brief

    Wartchow heads to Pemberton — Barclays names permanent equities heads — Bonilla joins Kartesia

    • 10 Sep 2020

Dealer League Table UK

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 RBC Capital Markets 6.18 4 10.48%
2 JPMorgan 5.39 3 9.14%
3 Goldman Sachs 5.22 3 8.86%
3 Barclays 5.22 3 8.86%
5 BofA Securities 5.13 3 8.70%

European Sovereign Bonds

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 JPMorgan 42.49 60 10.43%
2 BNP Paribas 35.95 41 8.82%
3 Citi 29.08 41 7.14%
4 BofA Securities 25.35 63 6.22%
5 Barclays 23.24 40 5.70%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 Citi 55.92 134 11.28%
2 JPMorgan 45.45 101 9.17%
3 Goldman Sachs 35.36 59 7.13%
4 HSBC 33.83 97 6.82%
5 BofA Securities 33.03 80 6.66%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 JPMorgan 71.70 163 8.63%
2 BNP Paribas 69.32 125 8.34%
3 UniCredit 58.65 137 7.06%
4 Credit Agricole CIB 52.34 118 6.30%
5 HSBC 49.97 158 6.01%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 JPMorgan 140.07 398 7.49%
2 Citi 116.48 268 6.23%
3 HSBC 102.19 335 5.47%
4 BofA Securities 93.97 250 5.03%
5 BNP Paribas 89.88 195 4.81%