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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
  • 19 Aug 2014
1 Barclays 14,448.25 22 4.70%
2 UniCredit 13,472.74 9 4.38%
3 HSBC 12,714.58 21 4.14%
4 Citi 11,988.19 22 3.90%
5 Intesa Sanpaolo SpA 11,778.39 5 3.83%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 11 Aug 2014
1 Deutsche Bank 24,821.87 64 10.48%
2 JPMorgan 21,893.38 52 9.24%
3 HSBC 21,357.27 50 9.02%
4 Barclays 20,935.39 48 8.84%
5 Citi 19,731.68 46 8.33%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 19 Aug 2014
1 UniCredit 91,308.34 205 9.33%
2 HSBC 78,265.82 216 8.00%
3 Barclays 69,172.82 118 7.07%
4 Deutsche Bank 63,779.07 142 6.52%
5 BNP Paribas 62,100.78 97 6.35%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 Aug 2014
1 HSBC 67,582.10 257 7.30%
2 Deutsche Bank 66,507.94 237 7.19%
3 Barclays 55,623.95 143 6.01%
4 JPMorgan 47,792.79 157 5.16%
5 Goldman Sachs 45,877.87 103 4.96%
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