UK in the news

  • UK GBP4bn 1.625% Oct 54 tap

    • 12 Sep 2019
  • UK reopens 2054 after investor demand shifts to 35 years

    The UK Debt Management Office (DMO) raised £4bn after it reopened its 2054 Gilt this week with market participants signalling their preference for the maturity rather than even longer maturities, said chief executive Robert Stheeman.

    • 12 Sep 2019
  • DMO and EIB taps reopen quiet sterling market

    The UK Debt Management (DMO) and European Investment Bank reopened a quiet sterling market on Tuesday with a pair of syndicated taps, which bankers feel will leave issuers and investors "confident" to follow.

    • 10 Sep 2019
  • People moves in brief: September 5, 2019

    Moelis hires JPM Dutch chief, JPM finds replacement — Nachmann replaces retiring Chavez at Goldman — PRI founding exec moves from UBS to Credit Suisse

    • 05 Sep 2019
  • Gilt linkers hit by UK’s plans to reform RPI

    Inflation-linked Gilts suffered a steep sell-off in the secondary market on Wednesday as investors priced in proposed changes to the methodology of the Retail Price Index (RPI).

    • 05 Sep 2019
  • Early 2020 for next UK sukuk

    The UK is preparing to launch its second sukuk in early 2020, said city minister John Glen on Wednesday in a speech at an Islamic Finance Week event held at Mansion House.

    • 05 Sep 2019
  • UK has ‘no current plans’ to stop issuing RPI-linked Gilts

    Sajid Javid, the UK chancellor of the exchequer, said on Wednesday that the government has no intention to stop the sale of Gilts linked to the Retail Price Index (RPI), and that no changes would occur to the methodology until at least 2025.

    • 04 Sep 2019
  • UK mandates banks for syndicated tap of 2054 Gilt

    The UK Debt Management Office on Friday announced the syndicate that will run its forthcoming tap of the 2054 Gilt, as well as its plans for a further Gilt syndication to be held during the third quarter of 2019.

    • 30 Aug 2019
  • UK plans syndicated tap of 2054 Gilt

    The UK Debt Management Office has announced that it is planning to reopen its 2054 Gilt through syndication in the week beginning September 9.

    • 27 Aug 2019
  • UK gets big bid for 2046 tender

    The UK was over two and half times covered for a tender of long end Gilt on Thursday.

    • 22 Aug 2019
  • UK to hold tender for 2046 Gilt, GEMMs and investors urge November syndication

    The UK Debt Management Office said on Tuesday that it planned to hold a tender offer for up to £500m of its 4.25% 2046 Gilt. Meanwhile, Gilt-edged market makers (GEMMs) and investors have expressed their preferred timing, structure and maturity choice for the sovereign’s next syndication.

    • 20 Aug 2019
  • UK explores conventional Gilt tender

    The UK Debt Management Office is seeking views from its primary dealer group and other interested parties for a tender offer for a conventional Gilt.

    • 19 Aug 2019
  • SSA market shrugs off Gilt curve inversion

    The two to 10 year section of the gilt market inverted on Wednesday, strengthening portents that the UK is headed for a recession, though SSA bankers showed no concern about the moves.

    • 14 Aug 2019
  • Gilt yields plunge despite portents

    UK sovereign debt yields fell to their lowest level on record on Monday, despite warnings that the new government’s latest spending promises and the threat of a no deal Brexit will heap pressure on the UK’s credit metrics.

    • 05 Aug 2019
  • Rigging Libor was wrong but so is tossing away the benchmark

    UBS and Citi trader Tom Hayes was jailed for 11 years for manipulating Libor. But while the trader argued that he was made a scapegoat for the financial crisis, perhaps the rate he rigged is a bigger victim.

    • 30 Jul 2019

Dealer League Table UK

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Barclays 3,143.84 3 13.17%
1 Bank of America Merrill Lynch 3,143.84 3 13.17%
3 JPMorgan 1,771.93 2 7.42%
3 Goldman Sachs 1,771.93 2 7.42%
5 NatWest Markets 1,552.27 1 6.50%

European Sovereign Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 17,683.39 29 10.65%
2 Citi 13,595.38 21 8.19%
3 Goldman Sachs 12,302.04 22 7.41%
4 HSBC 12,224.45 15 7.36%
5 BNP Paribas 11,306.61 19 6.81%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 30,540.14 76 11.44%
2 JPMorgan 29,467.48 78 11.03%
3 HSBC 18,945.39 48 7.09%
4 Barclays 17,883.71 42 6.70%
5 Bank of America Merrill Lynch 16,273.57 62 6.09%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 35,538.44 83 9.26%
2 BNP Paribas 25,289.20 63 6.59%
3 Credit Agricole CIB 25,128.79 67 6.55%
4 Goldman Sachs 24,003.84 53 6.26%
5 UniCredit 23,929.00 71 6.24%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 74,506.93 362 7.86%
2 Citi 58,306.28 185 6.15%
3 HSBC 55,518.86 225 5.85%
4 Barclays 49,814.97 174 5.25%
5 Bank of America Merrill Lynch 42,458.79 153 4.48%