Latest sovereign news

  • EFSF lines up dual tranche amid relief rally

    The result of the first round of the French election has imbued the markets with a fresh confidence, prompting the European Financial Stability Facility (EFSF) to mandate banks for its third dual tranche trade in a row.

    • 24 Apr 2017
  • French election relief opens way for EFSF

    A strong showing from Emmanuel Macron in the first round of the French election has been greeted as an “overwhelmingly positive development” by those in capital markets, according to a head of SSA DCM, and provides an exceptional backdrop for the European Financial Stability Facility’s expected benchmark.

    • 24 Apr 2017
  • Secondary pricing update: featuring Austria's 10 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 Apr 2017
  • Election risks threaten money markets

    Uncertainty over upcoming European elections could make short term debt investors “run to the sidelines”, said a commercial paper banker.

    • 20 Apr 2017
  • EFSF in spotlight as French vote could decide EU’s future

    The stakes have rarely been higher for a French election. When French voters head to the polls on Sunday, it may be to determine the fate of the eurozone.

    • 20 Apr 2017
  • Investors relaxed over UK election

    Investors were hit with a fresh political surprise on Tuesday, as UK prime minister Theresa May announced that the country would hold a snap general election on June 8.

    • 20 Apr 2017
  • Jefferies plans to take CEEMEA expansion into primary market

    Jefferies is building out its CEEMEA trading operations, and eventually plans to add primary markets, derivatives and local currency trading to a revitalised business.

    • 20 Apr 2017
  • Anti-EU French president would ‘bring misery to southern Europe’ says funding official

    A funding official for a southern European sub-sovereign borrower has warned that a victory for an anti-European Union candidate in the upcoming French presidential election could “bring misery to southern Europe as never seen after the Second World War”.

    • 20 Apr 2017
  • Fears election risk not priced in as France and UK head to polls

    The first round of the French presidential election takes place this Sunday and, while the market is mostly quiet, Derek Halpenny, head of global markets research at MUFG, says that market participants have not priced in much risk of a shock anti-EU result.

    • 19 Apr 2017
  • KfW swoops into quiet euro market

    A hotly contested battle for the French presidency has quieted much of the public sector market this week, but KfW has picked banks for a five year euro benchmark.

    • 18 Apr 2017

Sovereign news archive

European Sovereign Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 18 Apr 2017
1 Barclays 8,822.61 13
2 Citi 7,368.99 9
3 BNP Paribas 7,280.82 10
4 HSBC 6,965.75 11
5 JPMorgan 6,400.12 9

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 24,159.92 58 12.48%
2 Citi 21,399.18 54 11.05%
3 HSBC 15,870.20 36 8.20%
4 Deutsche Bank 15,612.00 33 8.06%
5 Barclays 12,611.42 30 6.51%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 Apr 2017
1 Barclays 19,895.10 43 9.86%
2 JPMorgan 16,100.70 41 7.98%
3 Bank of America Merrill Lynch 14,715.49 37 7.29%
4 Credit Agricole CIB 13,312.37 36 6.60%
5 HSBC 12,937.56 41 6.41%

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%