Sub-Sovereigns - All Articles

  • ADB and Ontario take dollars ahead of Asian hols

    Asian Development Bank and the Province of Ontario hit the dollar market on Tuesday, with both issuers tapping the tricky 10 year part of the curve ahead of the start of public holidays in Asia this week which will put a pause on issuance in the currency.

    • 29 Sep 2020
  • ADB and Ontario to share 10 year dollar mart

    Two SSA issuers are set to come to market on Tuesday for dollar benchmarks in the 10 year maturity bucket.

    • 28 Sep 2020
  • BNG and Land NRW plan euro sustainable bonds

    After a week without deals, the primary euro public sector bond market will see a return of activity next week with Bank Nederlandse Gemeenten and the State of North Rhine-Westphalia preparing to bring sustainable deals in the currency.

    • 25 Sep 2020
  • Covid-19: SSA response bonds

    Sovereign, supranational and agency bond issuers are mobilising their resources to support the fight against Covid-19. The below table details the bonds they have issued, specifically in response to the coronavirus pandemic.

    • 22 Sep 2020
  • ‘Some of the Laender just don’t care’: bankers vent frustration at undersubscribed deals

    A number of syndicated deals from German regions have failed to reach full subscription over the last few weeks. It is not clear whether they will respond by offering greater new issue premiums.

    • 18 Sep 2020
  • World Bank takes size as Hamburg lands safely after stumbling start

    Two public sector borrowers managed to get euro deals done in the primary market ahead of the European Central Bank’s governing council meeting on Thursday, with World Bank issuing its biggest ever bond in euros longer than 10 years and Hamburg comfortably crossing the line despite an embarrassing start to the execution process.

    • 10 Sep 2020
  • Hamburg out early with pricing after announcement error

    The City of Hamburg began taking indications of interest with initial price thoughts for a 30 year bond on Wednesday afternoon ahead of schedule after one of the leads accidentally sent out a message announcing the official opening of order books.

    • 09 Sep 2020
  • Queensland to tap variety of markets for bigger funding programme

    The Queensland Treasury Corporation (QTC) announced on Monday that it plans to borrow A$21bn ($15.2bn) during its 2020/21 fiscal year, which runs between July 1 and June 30. Alongside this, the state signalled its intention to look at issuing green, foreign currency and long term debt to complement its benchmark programme.

    • 08 Sep 2020
  • CDC mandates sophomore sustainability bond

    French agency Caisse des Dépôts et Consignations (CDC) hit screens on Monday afternoon with its second ever sustainability bond, following its debut in the format last year.

    • 07 Sep 2020
  • Sovereigns and sustainability: a natural fit

    Luxembourg became the first European sovereign to publish a sustainability bond framework this week, breaking the pattern, to which Germany became a notable addition on Wednesday, of governments printing green deals. But sustainability bonds make much more sense for countries large and small.

    • 02 Sep 2020
  • Greece readies 10 year tap while Berlin heads to long end

    All eyes in the primary euro public sector bond market are fixed on the expected arrival of Germany's green Bund this week, but there were still some other deals announced on Tuesday. Greece is sticking to its plan for a syndicated bond issuance every quarter and Berlin hopes to match the success of its compatriot Land NRW in the 30 year part of the curve.

    • 01 Sep 2020