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 Apr 2016
1 Barclays 11,576.08 16 12.17%
2 HSBC 9,097.66 12 9.57%
3 Goldman Sachs 7,583.33 11 7.97%
4 SG Corporate & Investment Banking 7,551.45 10 7.94%
5 Citi 7,502.58 14 7.89%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 25 Apr 2016
1 JPMorgan 21,220.83 52 11.23%
2 Bank of America Merrill Lynch 17,146.28 52 9.07%
3 Citi 16,202.49 42 8.57%
4 Goldman Sachs 16,119.34 30 8.53%
5 HSBC 15,011.24 38 7.94%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 26 Apr 2016
1 Barclays 19,646.00 41 9.01%
2 HSBC 18,409.00 50 8.44%
3 UniCredit 16,625.03 49 7.62%
4 Credit Agricole CIB 15,559.55 35 7.13%
5 BNP Paribas 15,000.29 27 6.88%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 25 Apr 2016
1 JPMorgan 38,616.00 189 7.61%
2 Barclays 38,446.04 101 7.57%
3 HSBC 37,966.94 135 7.48%
4 Citi 32,086.65 103 6.32%
5 Goldman Sachs 29,036.41 66 5.72%