Latest sovereign news

  • Kexim goes short as borrowers line up for Tuesday trio

    The Export-Import Bank of Korea (Kexim) priced a five year euro benchmark on Monday, nipping in with a one day execution ahead of a trio of deals scheduled for Tuesday.

    • 22 May 2017
  • Welcome back: Indonesia regains full IG status

    S&P has raised Indonesia’s long-term sovereign credit rating to BBB- from BB+ with a stable outlook, on the back of reduced risks to the country’s fiscal metrics. Seven corporates were also upgraded by the agency last Friday.

    • 22 May 2017
  • Lithuania opens books as market stabilises

    Lithuania has hit the screens with its dual tranche euro note as markets stabilise after Brazil’s corruption scandal added to a US led sell-off.

    • 19 May 2017
  • EFSF surprises with big bite at duration

    The European Financial Stability Facility blindsided investors this week, printing €6bn of 16 year paper despite having completed its second quarter funding requirements, stretching the tolerance of its €10.8bn book in the opinion of some onlookers.

    • 18 May 2017
  • UK praised for book record ahead of election

    The UK drew its largest ever book on Tuesday, taking care of nearly a quarter of its overall syndication programme for the 2017-18 financial year in the process. The deal was particularly impressive given the volatile political backdrop in the UK, said a banker on the trade.

    • 18 May 2017
  • Shine comes off EM as Trump administration rocked

    Just a day after EM bankers were predicting an endless summer of bond market bliss, came a US-led market wobble, which rival bankers said has caused leads to put the brakes on an expected trade from Lithuania.

    • 18 May 2017
  • Maldives primes market for international debut

    The Republic of the Maldives is looking to raise $200m from its debut international bond this year. Market watchers reckon the planned deal falls in line with China’s Belt and Road initiative, mirroring Sri Lanka’s choice earlier this month to hire Chinese banks for its dollar trade. Morgan Davis reports.

    • 18 May 2017
  • Oman on track for public market sukuk debut

    Oman could launch its first public market sukuk as early as next week following the announcement of plans for an investor call to be held on Monday.

    • 18 May 2017
  • Senegal proves African sovereign star with blowout

    Senegal was fully rewarded for embarking on an extensive roadshow with a blowout trade on May 16, which not only repriced its own curve, but helped to reduce the borrowing costs of its peers.

    • 17 May 2017
  • SSAs power ahead in buoyant market

    The SSA market has played host to a series of strong deals this week and shows no signs of fatigue, as investors flock to make the most of the glut of supply.

    • 17 May 2017

Sovereign news archive

European Sovereign Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 09 May 2017
1 Barclays 8,822.61 13 9.07%
2 Citi 8,720.21 11 8.97%
3 BNP Paribas 8,107.13 11 8.34%
4 HSBC 7,792.06 12 8.01%
5 JPMorgan 6,400.12 9 6.58%

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
  • 09 May 2017
1 Barclays 20,074.83 45 4.44%
2 JPMorgan 19,043.02 43 4.21%
3 BNP Paribas 17,726.77 29 3.92%
4 Bank of America Merrill Lynch 14,783.86 38 3.27%
5 HSBC 14,593.04 47 3.22%

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%