IFR International - 21.07.2018

(Martin Jones) #1

SSAR


US DOLLARS


DEMAND SOAKS UP DOLLARS
FROM WORLD BANK


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EUROS


ESM BEGINS RUN AT €8bn TARGET

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BONDS SSAR

EUROPEAN SOVEREIGN BOND AUCTION RESULTS WEEK ENDING JULY 19 2018
Pricing date Issuer Size Coupon (%) Maturity Average Yield (%) Bid-to-cover
Jul 17 2018 Germany €2.40355bn 0.00 Jun 12 2020 –0.630 2.46
Jul 18 2018 Germany €822.4bn 1.25 Aug 15 2048 1.020 1.70
Jul 19 2018 Spain €1.289bn 0.35 Jul 30 2023 0.313 1.60
Jul 19 2018 Spain €831m 5.90 Jul 30 2026 0.953 1.40
Jul 19 2018 Spain €1.337bn 1.40 Jul 30 2028 1.308 1.50
Jul 19 2018 Spain €1.089bn 2.35 Jul 30 2033 1.798 1.40
Jul 19 2018 France €3.291bn 0.00 Feb 25 2021 –0.440 2.40
Jul 19 2018 France €4.196bn 0.00 Mar 25 2024 0.010 1.95
Jul 19 2018 France (i) €490m 0.10 Mar 1 2025 –1.100 2.14
Jul 19 2018 France (€i) €795m 0.70 Jul 25 2030 –0.700 1.82
Jul 19 2018 France (€i) €330m 0.10 Jul 25 2047 –0.240 2.18
Jul 19 2018 UK £2bn 1.75 Jul 22 2057 1.600 1.74
Source: IFR


ALL US DOLLAR FIXED-RATE GLOBALS
BOOKRUNNERS: 1/1/2018 TO DATE
Managing No of Total Share
bank or group issues US$(m) (%)
1 BAML 125 48,265.54 11.8
2 JP Morgan 119 45,429.82 11.2
3 Citigroup 109 40,006.18 9.8
4 Barclays 72 38,653.86 9.5
5 Goldman Sachs 73 29,966.53 7.4
6 Wells Fargo 73 25,116.16 6.2
7 Morgan Stanley 65 20,878.06 5.1
8 HSBC 42 20,833.54 5.1
9 Deutsche Bank 44 20,085.59 4.9
10 RBC 47 19,040.82 4.7
Total 241 407,369.46
Excluding equity-related debt, ABS/MBS.
Source: Thomson Reuters SDC code: O5

ALL INTERNATIONAL BONDS (ALL CURRENCIES)
BOOKRUNNERS: 1/1/2018 TO DATE
Managing No of Total Share
bank or group issues US$(m) (%)
1 JP Morgan 631 175,826.23 7.6
2 Citigroup 594 161,995.17 7.0
3 HSBC 601 142,503.40 6.1
4 Barclays 446 139,963.02 6.0
5 BAML 486 128,864.23 5.6
6 Goldman Sachs 355 114,505.53 4.9
7 Deutsche Bank 467 112,416.79 4.8
8 BNP Paribas 391 94,833.02 4.1
9 Morgan Stanley 362 90,076.66 3.9
10 Credit Suisse 331 63,997.77 2.8
Total 3,360 2,320,347.08
Including Euro, foreign, global issues. Excluding equity-related debt,
US Global ABS/MBS.
Source: Thomson Reuters SDC code: J1

ALL BONDS IN EUROS
BOOKRUNNERS: 1/1/2018 TO DATE
Managing No of Total Share
bank or group issues €(m) (%)
1 BNP Paribas 219 52,795.96 7.3
2 SG 182 43,639.02 6.1
3 HSBC 220 43,059.72 6.0
4 Deutsche Bank 199 42,348.99 5.9
5 Credit Agricole 169 41,718.25 5.8
6 JP Morgan 158 39,844.43 5.5
7 Barclays 135 36,587.83 5.1
8 UniCredit 182 34,739.51 4.8
9 Citigroup 123 30,718.77 4.3
10 Goldman Sachs 96 28,608.01 4.0
Total 1,000 720,910.71
Including Euro-preferreds. Excluding equity-related debt,
US Global ABS/MBS.
Source: Thomson Reuters SDC code: N1
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