World Bank prepares jumbo dollar test

World Bank will find out whether what has been a resilient market for public sector dollar issuance over the summer can support a jumbo trade, after mandating for what will be the first such deal in dollars from an SSA since the spring. Swedish Export Credit Corporation is also out in the currency, going ahead despite some geopolitical and US governmental turmoil over the last few days — and more issuers are lining up to follow.

  • By Craig McGlashan
  • 21 Aug 2017
Bank of America Merrill Lynch, Citi, JP Morgan and TD Securities are running a September 2020 global benchmark for World Bank, which is set to be priced on Tuesday. Initial price thoughts are 4bp area through mid-swaps for the trade, the supranational’s first since ...

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European Sovereign Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 Citi 16,088.76 20 8.89%
2 HSBC 15,210.51 21 8.40%
3 Barclays 13,356.41 18 7.38%
4 BNP Paribas 12,627.67 17 6.97%
5 Goldman Sachs 11,688.50 21 6.46%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 39,420.00 102 11.72%
2 JPMorgan 38,096.51 103 11.33%
3 Bank of America Merrill Lynch 27,865.54 84 8.28%
4 HSBC 25,234.90 65 7.50%
5 Deutsche Bank 22,091.31 51 6.57%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 31,814.43 89 7.71%
2 UniCredit 30,218.77 93 7.33%
3 Goldman Sachs 28,577.41 75 6.93%
4 BNP Paribas 28,185.99 56 6.83%
5 SG Corporate & Investment Banking 26,540.51 60 6.44%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 75,862.85 258 7.37%
2 JPMorgan 73,664.97 432 7.15%
3 HSBC 67,773.64 240 6.58%
4 Bank of America Merrill Lynch 57,995.54 176 5.63%
5 Barclays 52,704.16 167 5.12%