Spain in the news

  • SSAs eye long shots in hot euro market

    Emmanuel Macron’s election as French president last weekend was the catalyst for a flood of revved up euro deals this week, with issuers and investors aiming at the long end of the curve as the biggest known political risk in Europe this year passed with a market-friendly outcome. Craig McGlashan reports.

    • 11 May 2017
  • EIF backs Spanish SMEs as part of funding initiative

    The European Investment Fund has agreed to guarantee 50% of a portfolio of Spanish SME credit originated by nine banks.

    • 08 May 2017
  • Spain EUR5bn 0.65% Nov 27 linker

    • 27 Apr 2017
  • SSAs set for pre-summer issuance rush

    Emmanuel Macron’s topping of the first round of the French presidential election last weekend drove the best euro funding conditions for months. Public sector borrowers duly piled into the primary market. With more political risk ahead, many are racing to be 75% done for the year by summer, writes Craig McGlashan.

    • 27 Apr 2017
  • Quebec breaks record and Spain gets €5bn in rampant euro mart

    Elation in the euro markets after the first round of the French presidential election at the weekend continues to wash over the public sector bond markets, with the Province of Quebec selling its largest ever benchmark in the currency and Spain printing €5bn of inflation-linked paper.

    • 26 Apr 2017
  • EFSF triumphs amid French relief rally as Spain and Quebec line up

    The European Financial Stability Facility on Tuesday priced a dual tranche deal that bankers are describing as possibly its greatest ever, laying to rest some of its other long dated trades this year that drew criticism. A pair of other issuers have also hit screens in a euro market enjoying what one syndicate head called “probably the best conditions we’ve seen in months”.

    • 25 Apr 2017
  • Spain’s regions seek reform, market access

    Talks are set to begin in Spain to reform the financing mechanism for the country’s regions, which could lead some to their return to the primary bond market for the first time in years. But as with seemingly everything in bonds this year, politics could yet scupper the efforts, write Craig McGlashan and Victor Jimenez.

    • 20 Apr 2017
  • GC BondMarker results: EU's tap disappoints

    Market participants were unimpressed by the European Union's effort at the long end, but the week's other benchmarks fared better.

    • 06 Apr 2017
  • Madrid EUR700m 0.747% Apr 22 sustainability bond

    • 06 Apr 2017
  • New names flourish as SRI market rapidly diversifies

    The palette of socially responsible investment bonds is expanding. Two borrowers made SRI debuts this week with a social inclusion bond and a sustainability bond, while a third has announced its intention to follow suit.

    • 06 Apr 2017
  • Madrid and CEB land in blooming SRI market

    A pair of European borrowers debuted socially responsible investment bonds on Monday, raising a combined €1.2bn, with one able to tighten its price by several basis points.

    • 03 Apr 2017
  • Ico EUR500m 0.05% Jul 20

    • 30 Mar 2017
  • Ico keeps it short — and funds and central banks sweet

    Instituto de Crédito Oficial brought some rare short dated euro paper this week and was able to rely on heavy support outside the bank community — despite some people on and off the deal expecting banks to buy the deal in bulk.

    • 30 Mar 2017
  • Madrid and CEB lining up for SRI

    A flurry of activity in the market for socially responsible investments shows no sign of letting up, with two borrowers set to make their debut next week and two more waiting in the wings.

    • 30 Mar 2017
  • Madrid lines up sustainability debut

    The Autonomous Community of Madrid has announced that it will sell its first ever sustainability bond, joining the flock of borrowers landing in the socially responsible investment (SRI) market as the first quarter of 2017 draws to a close.

    • 28 Mar 2017

Dealer League Table Spain

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 24 May 2017
1 Citi 2,498.55 2 12.34%
1 CaixaBank 2,498.55 2 12.34%
1 BNP Paribas 2,498.55 2 12.34%
4 Barclays 2,474.06 2 12.22%
4 Santander 2,474.06 2 12.22%

European Sovereign Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 23 May 2017
1 Barclays 10,691.12 15 8.76%
2 BNP Paribas 10,516.31 14 8.62%
3 Citi 10,121.17 12 8.30%
4 HSBC 9,193.03 13 7.53%
5 JPMorgan 8,809.30 12 7.22%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 15 May 2017
1 JPMorgan 25,552.69 63 5.96%
2 Citi 24,119.11 60 5.63%
3 Deutsche Bank 17,545.97 37 4.09%
4 HSBC 16,628.60 40 3.88%
5 Barclays 13,251.34 33 3.09%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 23 May 2017
1 JPMorgan 22,518.92 50 8.33%
2 BNP Paribas 21,790.92 38 8.06%
3 Barclays 21,543.33 50 7.97%
4 HSBC 19,548.33 56 7.23%
5 UniCredit 18,534.46 46 6.86%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 03 Apr 2017
1 JPMorgan 39,067.52 180 8.50%
2 Citi 32,458.25 115 7.06%
3 Barclays 30,658.65 76 6.67%
4 Deutsche Bank 29,302.58 107 6.38%
5 HSBC 28,071.48 101 6.11%