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
  • 09 Feb 2016
1 Barclays 4,294.66 6 13.10%
2 HSBC 2,793.17 3 8.52%
3 SG Corporate & Investment Banking 2,746.67 4 8.38%
4 BNP Paribas 2,741.41 2 8.36%
5 Morgan Stanley 2,648.45 3 8.08%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 09 Feb 2016
1 JPMorgan 6,612.27 13 5.88%
2 TD Securities Inc 5,359.80 7 4.77%
3 Bank of America Merrill Lynch 5,143.63 14 4.58%
4 Barclays 5,047.36 8 4.49%
5 HSBC 4,823.88 13 4.29%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 09 Feb 2016
1 Barclays 8,909.34 16 5.33%
2 BNP Paribas 7,589.11 10 4.54%
3 SG Corporate & Investment Banking 7,062.74 10 4.23%
4 Goldman Sachs 6,601.93 14 3.95%
5 HSBC 5,571.98 11 3.34%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 08 Feb 2016
1 Barclays 17,217.23 40 9.73%
2 HSBC 13,902.93 47 7.86%
3 JPMorgan 13,204.58 58 7.46%
4 Goldman Sachs 11,220.57 22 6.34%
5 BNP Paribas 9,629.08 14 5.44%