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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
  • 20 Jan 2015
1 Barclays 3,023.24 4 0.00%
2 Citi 2,783.94 3 0.00%
3 JPMorgan 2,374.15 3 0.00%
4 HSBC 1,959.77 2 0.00%
5 SG Corporate & Investment Banking 1,792.53 2 0.00%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 6,360.75 14 13.49%
2 Citi 5,184.76 9 11.00%
3 Bank of America Merrill Lynch 4,559.14 9 9.67%
4 HSBC 4,340.91 6 9.21%
5 Deutsche Bank 3,576.06 9 7.58%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 20 Jan 2015
1 Barclays 5,003.79 6 8.79%
2 HSBC 4,861.83 9 8.55%
3 Credit Agricole CIB 4,345.59 6 7.64%
4 Deutsche Bank 3,987.58 8 7.01%
5 UniCredit 3,475.90 11 6.11%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 11,960.55 28 8.76%
2 Barclays 11,043.59 20 8.09%
3 Citi 10,045.48 16 7.36%
4 JPMorgan 9,070.88 18 6.64%
5 Deutsche Bank 8,676.77 28 6.36%