A rush of syndicated bonds from the UK has provided a boost to sovereign origination teams in the region. But concerns remain over whether activity from elsewhere in Europe will pick up in the second half of the year when UK issuance is set to slow.

The UK arranged $57.9bn (€43.8bn) of deals in the 12 months to August 3. However, as a result of the sovereign debt crisis, in the second quarter there was a decline in sovereign syndicated mandates from other European countries, which have taken the safer auction route.