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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
  • 18 Nov 2014
1 HSBC 16,735.50 31 8.29%
2 Barclays 16,580.04 26 8.21%
3 Citi 15,501.15 27 7.68%
4 UniCredit 13,844.60 10 6.86%
5 SG Corporate & Investment Banking 12,837.81 18 6.36%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 Nov 2014
1 Deutsche Bank 32,534.36 92 5.02%
2 Citi 29,743.70 75 4.59%
3 JPMorgan 29,125.70 80 4.50%
4 Bank of America Merrill Lynch 28,744.08 92 4.44%
5 Goldman Sachs 27,719.08 66 4.28%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 Nov 2014
1 UniCredit 46,641.85 107 9.09%
2 HSBC 39,699.62 119 7.74%
3 Barclays 35,017.10 70 6.82%
4 Deutsche Bank 32,934.70 69 6.42%
5 SG Corporate & Investment Banking 27,997.53 51 5.46%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 Nov 2014
1 HSBC 83,488.73 345 6.77%
2 Deutsche Bank 81,383.00 301 6.60%
3 Barclays 69,677.37 183 5.65%
4 Citi 64,799.88 188 5.25%
5 JPMorgan 60,152.73 226 4.88%