Latest News

  • Ceta trouble bodes ill for UK/EU trade deal

    The EU’s most ambitious free trade agreement to date, the Comprehensive Economic and Trade Agreement (Ceta), is being held up by a Belgian region, in a development with ominous prospects for the UK’s EU negotiations.

    • 05:30 PM
  • EBRD bucks trend with five year dollar mandate, CDC and EAA go for threes

    The European Bank for Reconstruction and Development is set to test the five year part of the dollar curve — a tenor not attempted by many issuers over the last few weeks — as a French issuer opted for the tried and tested three year maturity and a German agency was able to increase a deal at that tenor from its target size.

    • 05:00 PM
  • Austria and KommuneKredit sate investor hunger for duration

    Austria was richly rewarded for taking a leap into the unknown on Tuesday, as it took orders of over €7bn for the longest dated syndication ever from a core eurozone sovereign. KommuneKredit also broke its tenor record in euros, while the European Financial Stability Facility hired banks for a tap of a bond that looks short end by comparison.

    • 04:45 PM
  • UK DMO blasts through Brexit worries with blow-out deal

    The UK Debt Management Office swatted away weeks of Gilt volatility to tighten pricing, hit the upper end of size expectations and attract overseas demand with a £4bn tap of its 2.5% 2065s on Tuesday.

    • 03:30 PM
  • Jordan jumps on Saudi bond boost to bring $1bn with minimal NIP

    Jordan made its second standalone entry into the international markets on Monday with a $1bn 10.25 year. The sovereign used Saudi Arabia’s international bond success last week and its index eligibility to grind in pricing to pay a negligible new issue premium.

    • 12:00 PM
  • Spain slashes borrowing needs

    Spain has lopped €5bn off its 2016 funding programme and has applied to make a fourth early repayment of part of its loan from the European Stability Mechanism (ESM).

    • 11:30 AM
  • Austria considers new lengths for benchmark programme

    Austria is looking to stretch its curve to hitherto untapped lengths, as it mulls a 70 year euro benchmark. Also seeking duration, Rentenbank pushed out its curve, printing a bond at 20 years for the first time ever.

    • 24 Oct 2016
  • EAA out with first benchmark since summer

    Erste Abwicklungsanstalt has hired banks to run its first benchmark since June and its first in dollars since March.

    • 24 Oct 2016
  • Scottish council to tee off linker roadshow

    A city in the north-east of Scotland that has been generating headlines of late for its links to the troubled oil market — as well to Donald Trump — is set to hit the road for a sterling bond issue.

    • 24 Oct 2016
  • AfDB: SDR bond would make ‘perfect sense’

    The African Development Bank could follow the lead of the World Bank in issuing a bond denominated in special drawing rights, its treasurer has told GlobalCapital.

    • 24 Oct 2016
  • IFC adds A$50m to Kanga 10s

    The International Finance Corporation tapped a July 2026 Australian dollar bond for A$50m ($38.1m) on Monday. As part of its efforts to increase the minimum size of its 10 year Kangaroo taps from A$20m to A$50m, the IFC found investors to top up an initial A$30m reverse enquiry.

    • 24 Oct 2016
  • Funding scorecard: European sovereigns

    Find out how far progressed European sovereigns are in their funding programmes as we near the end of October.

    • 21 Oct 2016
  • Secondary pricing table: featuring KfW's $5bn three year

    Trading levels given are bid-side spreads versus mid-swaps and/or an underlying benchmark as of Thursday's close. The source for secondary trading levels is Interactive Data.

    • 21 Oct 2016
  • ESM picks banks for entry to dollar game

    The European Stability Mechanism has selected the banks that will advise it on the launch of its dollar issuance programme, it announced on Friday morning.

    • 21 Oct 2016
  • JP Morgan names new head of Emea DCM

    JP Morgan has chosen a new head of debt capital markets in Emea, as part of a wider reshuffle designed to promote a new generation of bankers to top jobs.

    • 21 Oct 2016
  • IFC spies more Asia opps as it returns to Sing dollars

    International Finance Corp has made its first appearance in the Singapore dollar market in seven years. Its new treasury hub allows the supranational to give greater attention to Asian markets, the borrower’s Flora Chao told GlobalCapital Asia.

    • 21 Oct 2016
  • World Bank EUR1bn 0.625% Jan 2033

    • 20 Oct 2016
  • KBN USD500m 1.375% Oct 20 green bond

    • 20 Oct 2016
  • World Bank resurrects dollar 10s, others look to follow suit

    World Bank has reopened the 10 year part of the dollar curve, with other public sector issuers keen to follow it into the tenor.

    • 20 Oct 2016
  • AfDB USD1bn 1% Nov 18

    • 20 Oct 2016
  • EDC USD1bn 1.375% Oct 21

    • 20 Oct 2016
  • EIB USD4.5bn 1.25% Dec 19

    • 20 Oct 2016
  • Portugal cuts rating worries as Spain cuts costs

    Portugal’s bond yields fell to levels last seen in early September, as investor worries eased over a vital ratings review of the sovereign by DBRS this Friday.

    • 20 Oct 2016
  • Euro deals line up as Draghi sits back

    The long end will stay very much in vogue for euro issuers next week — which SSA bankers are predicting could be the last big window of issuance for the year.

    • 20 Oct 2016
  • No worries for Gilt tap, arb tricky

    UK government bonds this week joined the country’s currency in taking a hammering, but public sector bankers are confident that a scheduled Gilt syndication next week will go well — and there could also be arbitrage opportunities in sterling.

    • 20 Oct 2016

More SSA news

European Sovereign Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 Barclays 17,712.42 28 10.18%
2 HSBC 15,533.67 22 8.92%
3 Citi 14,240.06 25 8.18%
4 JPMorgan 13,867.62 25 7.97%
5 Goldman Sachs 12,908.35 21 7.42%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 24 Oct 2016
1 JPMorgan 47,915.74 155 11.14%
2 Citi 43,398.84 122 10.09%
3 Bank of America Merrill Lynch 40,272.01 116 9.37%
4 HSBC 36,100.97 93 8.40%
5 Goldman Sachs 30,164.00 67 7.02%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Barclays 34,858.37 89 8.59%
2 UniCredit 31,679.17 110 7.80%
3 HSBC 30,116.72 109 7.42%
4 JPMorgan 26,804.73 83 6.60%
5 Credit Agricole CIB 26,667.91 76 6.57%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 24 Oct 2016
1 JPMorgan 82,573.43 488 7.38%
2 HSBC 79,962.39 308 7.14%
3 Citi 74,258.05 242 6.63%
4 Barclays 72,676.16 233 6.49%
5 Bank of America Merrill Lynch 59,071.27 191 5.28%