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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
  • 30 Jun 2015
1 Barclays 14,193.21 21 11.05%
2 Citi 13,245.79 18 10.31%
3 HSBC 12,202.85 20 9.50%
4 UniCredit 8,815.25 7 6.86%
5 JPMorgan 7,526.92 11 5.86%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 29 Jun 2015
1 Citi 22,200.34 56 10.65%
2 Bank of America Merrill Lynch 21,163.77 66 10.16%
3 JPMorgan 20,813.21 55 9.99%
4 Goldman Sachs 17,336.30 44 8.32%
5 HSBC 17,001.31 44 8.16%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 30 Jun 2015
1 Barclays 22,931.41 48 9.86%
2 HSBC 19,332.22 57 8.31%
3 UniCredit 18,552.20 52 7.97%
4 Credit Agricole CIB 16,301.28 31 7.01%
5 Citi 13,212.79 27 5.68%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 29 Jun 2015
1 HSBC 44,403.75 184 7.18%
2 Barclays 41,840.06 115 6.77%
3 Citi 40,733.49 138 6.59%
4 JPMorgan 34,684.22 163 5.61%
5 Deutsche Bank 33,452.70 147 5.41%