IFR Magazine – January 20, 2018

BONDS SUMMARY DETAILS

MS+6 area,

MS+5 area

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  US$2.1bn, 57 acs Aaa/AAA Citi/Nomura/Nordea/TD EMEA 38%, LatAm 23%, N.Amer 21%,
  Asia 18%. CB/OI 73%, BkTsy 15%, Corp/
  Other 7%, FM 5%.
  MS+low 30s,
  MS+29 area

  
  

  
  

4 >US$4.2bn Aa3/AA/AA- Barc/Citi/GS/HSBC/SG US 41%, UK/Ire 18%, Asia 12%, Nordics

10%, MEA 8%, Switz 7%, Eur 4% AM

45%, Bks 26%, CB/OI 24%, Ins/PF 4%,

Other 1%.

MS+11 area (I),

MS+11 area (G),

MS+10 (+/-1)

0 >US$1.55bn Aaa/AAA BAML/BMO/CA-CIB/JPM Amers 45%, APAC 30%, EMEA 25%.

BkTsy 46%, CB/OI 32%, AM 16%, Ins/

PF/Corp 6%.

MS+1 area,

MS-1 area

2 >US$3bn, >80 acs Aaa/AAA BAML/Citi/JPM/TD Amers 63%, EMEA 26%, Asia 11%. CB/OI

52%,Bks 22%, FM 17%, Ins/PF 9%.

3mL+1 area - - Aaa/AAA/AAA Citi/NatWest/RBC -

MS-8 area (I),

MS-8 area (G),

MS-9 area

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  €3bn Aaa/AAA CA-CIB/Natx/Nomura/Nordea -

  
  

  
  

MS flat area,

MS-2 area

0 >€1.9bn, 76 acs Aa1/AA+ Barc/Citi/Rabo/SG Ger 44.1%, Fr 14.4%, Switz 8.9%, Nordics

7.8%, Benelux 6.9%, RoEur 6.1%, Asia

6%, UK 5.7%, MEA 0.1%. CB/OI 39.6%,

AM 20.3%, Ins/PF 20.0%, Bks 17.8%,

Other 2.3%.

MS-26 area 4 (vs USD) >€7.25bn, nr 100 acs Aaa/AAA/AAA CA-CIB/Danske/GS/JPM EMEA 56%, Asia 39%, Amers 5%. CB/

OI 55%, Bks 22%, FM 19%, Ins/PF 2%,

Other 2%.

MS-13 area,

MS-15 area

2 >€15.5bn Aa3/AA/AA- BNPPFortis/Citi/NatWest/SG Eur non-EZ 35.8%, EZ 35.6%, Asia

16.3%, US 8%, RoEur 4%, ME 0.2%. Bk

Tsy 28.9%, FM 22%, CB/OI 20.1%, HF

17.5%, Bks 7.8%, Ins 3.4%, PF 0.4%.

MS-12 area,

MS-13 area

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  €1.5bn Aa1/AA+/AA+ Barc/BNPP/CA-CIB/DB -

  
  

  
  

3mE-18 area 3 >€800m Aa1/AA-/AAA/

Dagong AA+

Deka/HSBC/Uni Ger 78%, Benelux 12%, RoEur 10%. Bks

75%, AM 15%, CB/OI 10%.

MS-17 area (I),

MS-17 area (G)

<2 >€15.7bn, 134 acs Aa1/AA+/AA+/AAA BAML/GS/JPM/NatWest/RBI Fr 17%, Ger 11%, Neth 8%, Aus 7%, RoEZ

7%, RoEur (non-EZ) 40%, UK 27%, Nor

9%, Switz 4%, Amers 10%. FM 39%,

Bks 30%, CB/OI 13%, Ins/PF 10%, PB/

Retail 8%.

G+30 area (I),

G+30 area (G)

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  £2.3bn Aaa/AAA/AAA BAML/NatWest/RBC/TD -

  
  

  
  

G+27 area - Aaa/AAA Barc/HSBC/NatWest -

G+mid 40s - >£100m Aa2 HSBC/NatWest -

G+40 area,

G+38 area

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  • Aa2/AA/AA NatWest/RBC/TD UK 41%, Eur 29%, Asia 28%, Other 2%.
    CB/OI 49%, FM 19%, BkTsy 32%.
  
  
  
  

MS-5 area,

MS-8 area

0 >SFr100m, 20acs - (Gtee Aaa/AAA/

AAA)

ZKB Switz 100%. Inst/Ins 39%, AM 33%, Bks

22%, PF 6%.

• 
  
  
  
  • SFr100m, 16 acs -/AA CS Switz 100%. Ins 76%, AM 23.2%, PB
    0.8%.
  
  
  
  


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  • 
    
    
    
    • Aaa/AAA/AAA Danske -
    
    
    
    
  
  
  
  


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  • 
    
    
    
    • Aaa/AAA/Scope
      AAA
    
    
    
    
  
  
  
  

Nordea -

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  • 
    
    
    
    • Aa1/A+/-/AAH Scotia -
    
    
    
    
  
  
  
  

ASW+46 area - - Aa2/A+/-/AH NBF -

ASW+63 - - Aaa/AAA/AA+ DB/Nomura/RBC -

ASW+63 - - Aaa/AAA/AAA DB -

EFP+54/57 - - Aa2/AA+/- ANZ/CBA/DB -

ASW+60 - - Aaa/AAA/- Daiwa/JPM/TD -

Pricing steps NIP (bp) Book size Ratings Bookrunners Distribution