British bank Barclays has slid down the rankings in arranging European government bond sales as new regulations and Brexit uncertainty cause upheaval in the sector. Barclays had the largest share of the government syndicated bond market in 2015 and 2016 with over 10 percent, Thomson Reuters data show. That dropped to 7.3 percent of the 147.5 billion euros ($173.81 billion) market so far this year, putting Barclays in fifth position.
BNP Paribas, which has been making a push into the market, took the top spot with a 9.3 percent share, the same as last year and up from 5.9 percent in 2015. US lender Citigroup placed second with 9.2 percent, British bank HSBC followed with 7.8 percent and French bank Societe Generale took fourth spot with an increased market share of 7.4 percent.
A spokeswoman for Barclays declined to comment on why the bank had fallen in the rankings. Some of the higher profile transactions Barclays has been involved in include Spain's 8 billion euro sale of 10-year bonds and Italy's 6 billion euro 15-year deal.
Comments
Comments are closed.