Latest Sovereigns news

  • Funding scorecard: European sovereigns

    Find out how far European sovereigns have progressed with their funding plans at the halfway point of the first quarter of 2017.

    • 17 Feb 2017
  • Ever in demand, Turkey locks in $1bn with tap of 2027s

    Turkey made an opportunistic move on Thursday to reopen its recent 10 year bond for another $1bn. The $4.7bn book size showed there is no let-up in demand for Turkish sovereign debt.

    • 16 Feb 2017
  • Sweet spot in 10s as SSA pipeline builds

    Euro issuance looks set to heat up again next week as 10 year plus maturities return to favour after a discouraging start to the year.

    • 16 Feb 2017
  • Tunisia finmin furious with Fitch over ill-timed rating downgrade

    Fitch’s downgrade of Tunisia’s credit rating was based on out-of-date information and negatively impacted the sovereign’s recent Eurobond trade, Lamia Zribi, Tunisia’s finance minister told GlobalCapital.

    • 16 Feb 2017
  • Sovereign supply rumoured in euros

    A trio of eurozone government borrowers are rumoured to be mulling deals in the coming weeks, with conditions at the long end in euros looking stronger than earlier in the year.

    • 16 Feb 2017
  • Nimble Turkey moves to lock in extra $1bn

    Turkey has made an opportunistic move to reopen its recent 10 year bond with a tap to raise an expected $1bn.

    • 16 Feb 2017
  • Top Republicans step up attacks on Fed policy, Yellen

    Emboldened Congressional Republicans ramped up attacks against the US Federal Reserve on Wednesday, taking aim at the central bank’s role in negotiating international financial rules and its bond purchase programmes. But chair Janet Yellen was defiant, and said the Fed would remain a part of the Basel negotiations.

    • 15 Feb 2017
  • Pemex leads charge in strong EM primary

    Even heavy indications from US Federal Reserve chair Janet Yellen the central bank will raise interest rates at its next meeting were not enough to derail the strong primary market in emerging market bonds.

    • 15 Feb 2017
  • Lacklustre Tunisia trade ticks boxes for borrower

    Tunisia returned to euros for the first time since 2005 on Friday but the €800m deal was by no means a blow out and the leads were unable to move pricing as the borrower made a play for new investors.

    • 13 Feb 2017
  • Tunisia unable to tighten seven year, sets yield at 5.75%

    Tunisia has set the yield on its seven year euro bond issue on Friday morning at 5.75%, unchanged from initial price thoughts.

    • 10 Feb 2017

Sovereigns news archive

European Sovereign Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 14 Feb 2017
1 BNP Paribas 6,383.50 6 10.97%
2 Citi 5,615.05 5 9.65%
3 Barclays 5,241.21 6 9.01%
4 JPMorgan 4,317.04 5 7.42%
5 Credit Agricole CIB 4,123.38 4 7.08%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 14 Feb 2017
1 JPMorgan 11,580.75 25 12.48%
2 Citi 9,407.37 22 10.14%
3 TD Securities Inc 9,024.40 19 9.73%
4 HSBC 6,865.51 16 7.40%
5 Goldman Sachs 6,835.05 12 7.37%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 14 Feb 2017
1 Barclays 10,009.40 21 8.35%
2 JPMorgan 9,983.41 19 8.32%
3 BNP Paribas 9,471.18 12 7.90%
4 Bank of America Merrill Lynch 9,171.89 17 7.65%
5 HSBC 8,728.81 22 7.28%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 13 Feb 2017
1 JPMorgan 23,951.42 92 9.43%
2 Citi 21,880.48 63 8.62%
3 Barclays 17,914.28 44 7.05%
4 HSBC 17,636.92 55 6.94%
5 Bank of America Merrill Lynch 14,045.26 39 5.53%