Spain in the news

  • Spain takes €5bn but book drops at final spread

    Spain was able to raise €5bn of 30 year paper on Tuesday, braving difficult market conditions to close the deal. While the trade was a success, the sharp fall in the order book at the final spread indicated some investors are beginning to push back on price.

    • 25 Feb 2020
  • Spain to lead euro issuers through vol

    Spain has announced another trip to the ultra-long end, electing to come to market in spite of volatility sparked by increased fears around the spread of coronavirus.

    • 24 Feb 2020
  • Madrid ratchets in spread

    Two SSA borrowers hit screens on Wednesday with green euro benchmarks, following a successful outing by Madrid, which saw the bond’s sustainability feature driving the spread to the tightest achieved at reoffer by a Spanish region.

    • 20 Feb 2020
  • Madrid EUR1.25bn 0.419% Apr 30 sustainable bond

    • 20 Feb 2020
  • Madrid gets biggest book and tightest spread with sustainable bond

    Madrid hit the market with a 10 year sustainable bond on Tuesday, raising €1.25bn at its tightest ever spread to the Spanish sovereign, selling into its largest ever book.

    • 18 Feb 2020
  • Belgium and Madrid get ready for 10 and 20 year deals

    Two public sector borrowers hit screens with new issues on Monday, with Belgium choosing a 20 year and Madrid opting for a 10 year sustainable bond.

    • 17 Feb 2020
  • Spain to test ultra-long demand as market wobbles

    Cracks started to appear in demand for long-dated rates products this week, even as riskier credit markets went gung-ho in the face of the coronavirus outbreak. Now Spain could be set to test how bad the damage has been, as it is rumoured to be readying a 30 year syndication for next week. Burhan Kahdbai, Lewis McLellan and Bill Thornhill report.

    • 06 Feb 2020
  • Spain's funding chief promoted: deputy takes reins

    GlobalCapital understands that Spain has appointed a new head of funding and debt management to take over from Pablo de Ramón-Laca, who has been promoted.

    • 06 Feb 2020
  • Spain breaks euro book record amid perfect storm

    While every eurozone country that sold a new syndicated bond this year has received strong demand, Spain outshone them all this week by taking the biggest ever order book in the bloc.

    • 16 Jan 2020
  • Spain EUR10bn 0.5% Apr 30

    • 16 Jan 2020
  • Spain smashes euro SSA book record as Italy and Belgium line up

    Spain and Cyprus attracted strong demand for their syndicated bonds on Tuesday, with the former receiving the largest ever order book for a public sector euro benchmark. Italy and Belgium will add to the eurozone sovereign supply on Wednesday after mandating leads for new 30 and 10 year trades, respectively.

    • 14 Jan 2020
  • EFSF grabs big book for 30 year as EIB, CEB and sovereigns hit screens

    The European Financial Stability Facility took the spotlight in the euro public sector bond market on Monday with an intraday execution ahead of a busy week. The European Investment Bank, Council of Europe Development Bank, Spain and Cyprus have all announced new deals.

    • 13 Jan 2020
  • Spain to be enthusiastic, classical green issuer

    Spain’s formation on Monday of a Socialist-led coalition government, even one with no parliamentary majority, has opened the way for the country to press ahead with launching its first green bond. The deal of about €5bn is likely to be syndicated in the second half of 2020, and could prove one of the prize mandates of the year for banks to compete for.

    • 09 Jan 2020
  • Ico EUR500m 0% Oct 22 social bond

    • 24 Oct 2019
  • Ico eyes green bond return in 2020

    Instituto de Crédito Oficial (Ico) is planning to issue its second green bond in 2020, following its debut trade in the format earlier this year.

    • 24 Oct 2019

Dealer League Table Spain

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 JPMorgan 2.74 2 16.67%
1 Santander 2.74 2 16.67%
1 BBVA 2.74 2 16.67%
4 SG Corporate & Investment Banking 1.85 1 11.27%
4 HSBC 1.85 1 11.27%

European Sovereign Bonds

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 JPMorgan 11.35 16 13.38%
2 Citi 7.29 9 8.59%
3 BNP Paribas 6.40 10 7.55%
4 Goldman Sachs 6.07 9 7.16%
5 SG Corporate & Investment Banking 5.99 6 7.06%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 Citi 11.58 21 12.74%
2 JPMorgan 8.31 15 9.14%
3 BofA Securities 6.39 20 7.03%
4 TD Securities Inc 6.21 12 6.83%
5 Goldman Sachs 5.78 14 6.36%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 JPMorgan 18.07 27 11.19%
2 BNP Paribas 12.28 21 7.60%
3 HSBC 11.44 27 7.08%
4 SG Corporate & Investment Banking 10.56 15 6.54%
5 BofA Securities 10.00 23 6.19%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 JPMorgan 29.38 67 9.18%
2 Citi 23.13 51 7.23%
3 HSBC 19.80 61 6.18%
4 BofA Securities 18.39 55 5.74%
5 Barclays 17.35 44 5.42%