Latest sovereign news

  • Optimism for Angola as oil and IMF boost economic prospects

    Higher oil prices, a new governing regime and an agreement with the International Monetary Fund are all expected to fire up demand for the Republic of Angola’s first Eurobond since 2015, though there is a question mark over how receptive the market will be for long dated debt.

    • 05:00 PM
  • UK DMO ups debt raising plans for 2018-19 by £3.1bn

    The UK Debt Management Office’s Gilt sales target for the 2018-19 financial year has risen £3.1bn ($4.32bn) to £106.0bn from the initial aim outlined after the government’s spring statement in March.

    • 24 Apr 2018
  • IMF endorsement to buoy Angola bond

    Higher oil prices, a new governing regime and an agreement with the International Monetary Fund are all expected to boost demand for the Republic of Angola’s first Eurobond since 2015, though there is a question mark over how receptive the market will be for long dated debt.

    • 24 Apr 2018
  • Norway’s syndicated debut no prelude to green entry

    The Kingdom of Norway’s debut bond syndication, priced on Thursday last week, does not herald the Scandinavian country’s turn to the green bond market, despite widespread hopes on the socially responsible investment (SRI) scene that the country could expand the tiny pool of sovereign green issuers.

    • 23 Apr 2018
  • Ramaphosa rally restores good hope to the Cape

    South Africa is already bearing the fruits of Cyril Ramaphosa’s two month tenure as president. Renewed buoyancy is fuelling business confidence, driving down asset prices, and supporting a strong pipeline of capital markets activity in both debt and equity, write Virginia Furness and Sam Kerr.

    • 19 Apr 2018
  • Norway extends curve on debut syndication

    The Kingdom of Norway sold its first syndication on Thursday, following a two week global roadshow intended to broaden and internationalise the investor base buying government debt from the Scandinavian country.

    • 19 Apr 2018
  • Stoxx targets LDI with indices, laying ground for derivatives

    Stoxx on Thursday announced the launch of indices for the liability driven investment industry, products that are ready suited for derivative contract creation.

    • 19 Apr 2018
  • Quick on its feet: Indonesia nabs bond after upgrade

    The Republic of Indonesia sealed an opportunistic dual-currency bond on Tuesday, quickly taking advantage of positive sentiment following a ratings upgrade from Moody’s.

    • 18 Apr 2018
  • ECB ‘may need to extend QE’ after poor data

    Opinion is shifting as to whether the European Central Bank will end quantitative easing this year, with poorer economic data perhaps forcing the rate setter’s hand into extending the programme.

    • 18 Apr 2018
  • EMF control must be at the European level

    A paper by the parliamentary group of the CDU/CSU, the leading bloc in Germany’s government, has said that fund distribution from a proposed European Monetary Fund should be controlled by the eurozone’s national parliaments. Such a measure would all but nullify the point of creating the EMF — and be a dire signal for hopes of further eurozone integration.

    • 17 Apr 2018
  • New pricing reality for election-bound Turkey

    The Republic of Turkey nipped into the market on Monday afternoon to raise $2bn with an SEC registered bond, just days before presidential and parliamentary elections were called. While one EM investor called the issuing strategy unusual, a rival banker said it was a classic case of Turkish opportunism, adding that the higher yield paid is the reality of the market now.

    • 17 Apr 2018

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Capital markets data from GlobalCapital

Go to GlobalCapital's SSA data pages for the latest information on priced deals, borrower funding progress, league tables and upcoming deals. 

European Sovereign Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 Barclays 10,381.54 13 11.10%
2 JPMorgan 10,114.01 13 10.81%
3 Citi 9,037.14 14 9.66%
4 HSBC 7,587.14 11 8.11%
5 NatWest Markets 6,826.39 6 7.30%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 26,051.28 56 12.87%
2 HSBC 19,540.53 40 9.65%
3 JPMorgan 16,456.57 36 8.13%
4 Deutsche Bank 15,761.17 21 7.79%
5 Bank of America Merrill Lynch 14,692.17 42 7.26%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 20,432.97 35 9.01%
2 Barclays 18,911.32 28 8.33%
3 HSBC 16,371.81 48 7.22%
4 BNP Paribas 14,874.19 26 6.56%
5 NatWest Markets 13,451.59 14 5.93%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 44,983.26 140 7.95%
2 JPMorgan 43,865.99 193 7.75%
3 HSBC 41,027.11 135 7.25%
4 Barclays 33,170.15 96 5.86%
5 Deutsche Bank 30,297.39 84 5.35%