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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
  • 26 May 2015
1 Barclays 13,397.62 20 12.16%
2 Citi 12,114.09 16 10.99%
3 UniCredit 8,815.25 7 8.00%
4 HSBC 8,676.33 16 7.87%
5 Credit Agricole CIB 6,742.85 7 6.12%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 25 May 2015
1 Bank of America Merrill Lynch 20,048.11 61 11.29%
2 Citi 18,354.24 43 10.33%
3 JPMorgan 16,030.39 39 9.03%
4 Deutsche Bank 15,477.30 42 8.72%
5 Goldman Sachs 14,121.01 35 7.95%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 26 May 2015
1 Barclays 20,295.43 38 9.97%
2 UniCredit 17,482.97 43 8.59%
3 HSBC 15,410.27 45 7.57%
4 Credit Agricole CIB 14,664.92 28 7.21%
5 Citi 11,658.53 20 5.73%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 25 May 2015
1 Barclays 37,593.40 91 7.24%
2 Citi 35,153.88 109 6.77%
3 HSBC 34,728.98 149 6.68%
4 Deutsche Bank 31,799.99 127 6.12%
5 JPMorgan 27,225.17 78 5.24%