Germany in the news

  • ECB toes dovish line, launches strategic review, borrowers steer clear

    The European Central Bank launched a strategic review of its monetary policy strategy on Thursday, but otherwise kept its fairly dovish stance on eurozone rates more or less unchanged.

    • 23 Jan 2020
  • NWB and Brandenburg take spotlight in euros as ADB lines up

    Nederlandse Waterschapsbank and the State of Brandenburg took advantage of a lack of euro SSA supply this week to bring well subscribed deals on Tuesday. The Asian Development Bank will be looking to follow with a 10 year euro benchmark on Wednesday.

    • 21 Jan 2020
  • KfW USD5bn 1.625% Feb 23

    • 16 Jan 2020
  • Full dollar curve explored by strong SSA market

    The dollar SSA bond market, unfettered by geopolitical volatility, enjoyed an excellent week, although it is still lagging behind the euro market in terms of overall supply.

    • 16 Jan 2020
  • Tight dollar successes for KfW and Canada

    KfW and Canada both launched dollar benchmarks on Wednesday, bringing a pair of highly subscribed and tight deals. Following their success, two Asian SSA issuers prepare to join the busy dollar market.

    • 14 Jan 2020
  • Finanzagentur sure green Bunds will be liquid

    Germany’s debt management office, the Finanzagentur, is confident its green bonds will be liquid when the first issue is launched in the second half of 2020 and has high hopes that they will trade tightly relative to ordinary Bunds. Its innovative plan to use a “twin bond” structure is designed to reassure investors and remove any doubt about liquidity.

    • 09 Jan 2020
  • Land NRW EUR1.3bn 1.375% Jan 20

    • 09 Jan 2020
  • KfW EUR5bn 0% Feb 25

    • 09 Jan 2020
  • KfW GBP1.5bn 0.875% Jul 24

    • 09 Jan 2020
  • Nokkie SSA market races to strong start

    KfW, the European Investment Bank (EIB) and, in the medium-term note (MTN) market, a German region and a Finnish agency have kicked off the Norwegian krone market for SSAs. Bankers are hoping to extend krone’s impressive form from last year into 2020.

    • 08 Jan 2020
  • SSAs fly in euros from five to 100 years

    Investors piled into the euro public sector bond market on Wednesday, allowing borrowers to achieve well subscribed order books and minimal new issue concessions for a range of maturities.

    • 08 Jan 2020
  • KfW opens the floodgates for euro SSA market

    A strong reception for a five year euro benchmark by KfW on Tuesday was enough to lure in a hesitant flock of public sector borrowers to the euro market as the pipeline stacks up for Wednesday’s business.

    • 07 Jan 2020
  • EIB and KBN to reopen dollar SSA market, KfW readies euro return

    The pipeline is starting to fill in the public sector bond market with the European Investment Bank and Kommunalbanken set to bring dollar deals and KfW preparing its first euro benchmark of the year. More deals — including the first sovereign syndication of the year— are set to follow this week.

    • 06 Jan 2020
  • KfW sets new size record in sterling, KBN to follow

    KfW broke new ground in the sterling bond market on Monday by bringing its largest ever benchmark in the currency. Kommunalbanken is looking to latch on to the red hot market too after picking banks to lead a new December 2024 trade.

    • 06 Jan 2020
  • Lower Saxony kick-starts euro SSA market as EIB preps sterling reopener

    The Federal State of Lower Saxony sold the first euro public sector benchmark of 2020 with a well received 10 year deal on Thursday. Meanwhile, the European Investment Bank is keeping to tradition of beginning its benchmark funding for the year in sterling.

    • 02 Jan 2020

European Sovereign Bonds

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 JPMorgan 4.91 7 12.17%
2 Citi 4.75 5 11.76%
3 BNP Paribas 3.91 6 9.69%
4 HSBC 3.01 4 7.45%
5 Credit Agricole CIB 2.59 2 6.41%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 Citi 9.80 16 17.72%
2 Goldman Sachs 5.15 11 9.30%
3 TD Securities Inc 4.75 7 8.58%
4 BMO Capital Markets 3.98 5 7.19%
5 JPMorgan 3.74 7 6.77%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 JPMorgan 7.98 11 8.59%
2 BNP Paribas 7.64 13 8.23%
3 BofA Securities 6.67 15 7.18%
4 Barclays 6.53 12 7.03%
5 Citi 6.39 9 6.88%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 Citi 18.25 35 10.54%
2 JPMorgan 12.00 28 6.93%
3 Barclays 11.27 24 6.51%
4 Goldman Sachs 10.90 22 6.29%
5 BofA Securities 10.87 30 6.28%