UK in the news

  • UK GBP2.75bn 0.125% Aug 48 linker tap

    • 08 Feb 2018
  • UK mulls syndication future after finishing financial year

    The UK Debt Management Office (DMO) this week rounded out its syndication programme for the 2017-18 financial year with another deal that met with acclaim. Unlike several of its last few deals, the UK did not build a record book — but that development may have helped sway a debate over the future of its syndication programme.

    • 08 Feb 2018
  • Deutsche makes MD and director cuts, blasts Birmingham DCM

    Deutsche Bank plans to put up to 40 bankers at director level and above in its EMEA investment banking division at risk of redundancy, including the bank's co-head of FIG DCM, GlobalCapital understands. Several of those put at risk were based in Birmingham, including the bank’s head of Europe-US private placements.

    • 08 Feb 2018
  • UK wins plaudits for tight range against wobbly backdrop

    The UK Debt Management Office drew praise on Tuesday as it priced the final syndication of its 2017-18 financial year at the tight end of a tiny guidance range. Bankers said that result, coupled with the behaviour of the UK’s outstanding curve over the course of the deal, was particularly impressive given a turbulent backdrop in the wider financial markets.

    • 06 Feb 2018
  • Barclays cuts hit EMEA levfin head, ECM vice-chair, other senior bankers

    The round of redundancies at Barclays Investment Bank has hit more senior figures, including the head of EMEA leveraged finance, a vice-chairman in ECM, the COO of EMEA banking, as well as other managing directors across the origination businesses.

    • 01 Feb 2018
  • Voila! France eyes debut Panda bond

    France is hoping to add its name to a growing list of sovereigns in China’s Panda bond market, having discussed the possibility with at least two of the country’s biggest state-owned banks.

    • 01 Feb 2018
  • Sterling demand high, supply low

    Sterling issuance was thin this week relative to its scorching start to the year although there was still room for Kommunalbanken to print its largest ever deal in the currency. Strong supply is on the way from the UK Debt Management Office but while demand is as good as some bankers have ever seen, other deals may be limited by technical factors.

    • 25 Jan 2018
  • Former Commerzbank and Barclays DCM banker joins FCA

    An ex-SSA DCM banker has joined the UK's Financial Conduct Authority to focus on wholesale banking supervision.

    • 25 Jan 2018
  • Barclays European govvie traders hired by hedge funds

    Two European government bond traders who resigned earlier this year from Barclays are heading to hedge funds.

    • 18 Jan 2018
  • Big name Barclays MDs at risk in investment bank cull

    Barclays rolled out sweeping cuts to its investment bank on Wednesday, with around 100 jobs gone across the business, including several managing directors in the EMEA primary bonds business.

    • 18 Jan 2018
  • Investors and GEMMs call for 2048 Gilt reopening

    Both Gilt-edged market makers and investors predominantly support a reopening of the UK's 2048 inflation linked bond for its final syndication of the 2017-18 financial year.

    • 28 Nov 2017
  • Dutch primary dealer programme helped trader pick off algos

    The Dutch State Treasury Agency's primary dealer quotation obligations gave Bank of America Merrill Lynch trader Paul Walter the chance to pick off his counterparts on the ‘BrokerTec’ platform — behaviour for which he was fined by the UK's Financial Conduct Authority on Wednesday.

    • 23 Nov 2017
  • UK’s hefty needs ‘may limit SSA gains from EIB’s sterling retreat’

    Increased UK borrowing needs could take the shine off an opportunity for SSA borrowers to take advantage of a potential drop in issuance by the European Investment Bank as the UK leaves the European Union, said bankers.

    • 23 Nov 2017
  • FCA lays out fine for manipulating Dutch govvies

    A former Bank of America Merrill Lynch trader has been fined £60,090 for manipulating the price of Dutch government bonds on the electronic platform BrokerTec — though the profit made on the trading was 'insignificant'.

    • 22 Nov 2017
  • Repo markets hope to trade in on today’s collateral

    Repo traders convened this week in Brussels to rethink how to fix the plumbing of financial markets and mulled using other forms of collateral in the market.

    • 16 Nov 2017

Dealer League Table UK

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Lloyds Banking Group 1,565.24 1 25.00%
1 JPMorgan 1,565.24 1 25.00%
1 Bank of America Merrill Lynch 1,565.24 1 25.00%
1 Santander 1,565.24 1 25.00%
Subtotal 6,260.95 1 100.00%

European Sovereign Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 Citi 8,388.79 12 12.37%
2 JPMorgan 7,267.09 8 10.71%
3 Barclays 6,912.22 7 10.19%
4 NatWest Markets 5,400.28 4 7.96%
5 HSBC 4,881.02 6 7.19%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 14,200.88 23 13.87%
2 HSBC 11,373.58 16 11.11%
3 JPMorgan 11,057.79 18 10.80%
4 Goldman Sachs 8,869.90 16 8.67%
5 Deutsche Bank 8,634.69 12 8.44%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Barclays 12,986.81 15 10.00%
2 Citi 11,339.99 28 8.73%
3 JPMorgan 11,003.56 18 8.47%
4 NatWest Markets 8,769.53 7 6.75%
5 Goldman Sachs 8,330.41 10 6.41%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 29,465.44 73 9.66%
2 JPMorgan 27,002.33 89 8.85%
3 HSBC 21,227.50 54 6.96%
4 Barclays 19,004.01 35 6.23%
5 Goldman Sachs 17,261.21 27 5.66%