dcsimg
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 ...

Please take a trial or subscribe to access this content.

Contact Mark Goodes to discuss your access: mark.goodes@globalcapital.com

Corporate access

To discuss GlobalCapital access for your entire department or company please call Mark Goodes on +44 (0)20 7779 8605 or email mark.goodes@globalcapital.com to discuss your requirements.

European Sovereign Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 25 Aug 2015
1 Citi 16,780.09 20 11.94%
2 Barclays 14,502.22 22 10.32%
3 HSBC 12,202.85 20 8.68%
4 JPMorgan 9,622.75 13 6.85%
5 UniCredit 8,815.25 7 6.27%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 24 Aug 2015
1 Bank of America Merrill Lynch 28,604.80 83 11.25%
2 Citi 27,247.99 66 10.72%
3 JPMorgan 25,321.11 65 9.96%
4 HSBC 21,965.89 53 8.64%
5 Goldman Sachs 21,449.10 57 8.44%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 Aug 2015
1 Barclays 24,264.70 56 9.54%
2 UniCredit 21,000.98 65 8.25%
3 HSBC 19,766.17 62 7.77%
4 Credit Agricole CIB 17,976.76 43 7.07%
5 Citi 14,005.93 32 5.51%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 52,630.59 231 6.99%
2 Citi 49,096.14 165 6.52%
3 Barclays 48,734.57 145 6.47%
4 JPMorgan 44,041.47 214 5.85%
5 Deutsche Bank 41,880.00 185 5.56%