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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
  • 24 Mar 2015
1 Barclays 10,609.53 14 12.52%
2 Citi 9,766.47 11 11.52%
3 JPMorgan 6,241.65 8 7.37%
4 Credit Agricole CIB 6,102.19 6 7.20%
5 HSBC 6,051.90 8 7.14%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 24 Mar 2015
1 Citi 12,813.96 26 5.41%
2 JPMorgan 11,969.47 28 5.06%
3 Bank of America Merrill Lynch 10,974.32 37 4.63%
4 Deutsche Bank 9,413.25 24 3.98%
5 Barclays 9,164.39 22 3.87%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 24 Mar 2015
1 Barclays 15,674.26 25 10.37%
2 Credit Agricole CIB 13,081.31 21 8.65%
3 HSBC 11,008.13 29 7.28%
4 UniCredit 10,324.56 33 6.83%
5 Citi 10,204.42 17 6.75%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 23 Mar 2015
1 Barclays 27,384.23 61 0.00%
2 Citi 27,016.26 77 0.00%
3 HSBC 22,851.86 96 0.00%
4 Deutsche Bank 21,057.72 78 0.00%
5 JPMorgan 19,655.41 48 0.00%