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SSA

Triple-A Finland sells itself on credentials rather than yield

The mood toward peripheral sovereigns may have improved recently but the results of the Republic of Finland’s new July 2028 government bond launched on Tuesday proved that investors are more than happy to sacrifice yield to buy a top quality credit.

  • 03 Feb 2012

Finland paid a coupon of 2.75% for its 16.5 year issue, compared with, for example, the Kingdom of Belgium, which priced at 10 year in January at 197bp over swaps with a coupon of 4.25%.

Finland is one of the few Eurozone sovereigns still rated triple-A by all three ...

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European Sovereign Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 21 Oct 2014
1 Barclays 17,418.65 25 0.00%
2 Citi 15,969.38 26 0.00%
3 HSBC 13,986.76 27 0.00%
4 UniCredit 13,472.74 9 0.00%
5 JPMorgan 12,177.43 22 0.00%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 20 Oct 2014
1 Deutsche Bank 29,804.13 86 9.97%
2 JPMorgan 28,333.27 77 9.48%
3 Citi 27,617.93 68 9.24%
4 Bank of America Merrill Lynch 27,018.01 82 9.04%
5 HSBC 24,945.41 63 8.34%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 21 Oct 2014
1 UniCredit 44,694.43 100 9.22%
2 HSBC 38,259.38 113 7.89%
3 Barclays 34,214.63 63 7.06%
4 Deutsche Bank 32,620.21 68 6.73%
5 SG Corporate & Investment Banking 26,064.97 46 5.38%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 20 Oct 2014
1 Deutsche Bank 77,780.81 286 6.85%
2 HSBC 77,452.02 324 6.82%
3 Barclays 64,952.63 167 5.72%
4 Citi 61,177.03 173 5.39%
5 JPMorgan 58,412.97 217 5.15%