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Sovereigns

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SSA
'Everyone is ready for summer to be over' as SSA wave builds for Monday
SSA
Analysts discuss the scope of tightening in Bund swap spreads and the impact on SSA spreads
OATs and OLOs could weaken further versus Bunds while southern European countries and EU continue to paint a positive picture
SSA
Uncertainty looms large as presidential race far from clear and budget negotiations potentially ‘highly challenging’
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  • SSA
    Rating: Aa3/AA-/-
  • SSA
    The European Bank for Reconstruction and Development (EBRD) this week pounced on a sell-off in US Treasuries to price a seven year dollar benchmark — instead of plumping for its usual five year tenor. The deal fell just shy of full subscription, however, as some investors sat on their hands hoping that yields would back up still further.
  • SSA
    Guarantor: Kingdom of Spain
  • SSA
    The EUROPEAN Bank for Reconstruction and Development (EBRD) launched its first public rouble deal for two years on Wednesday to a strong investor response. Despite the price being tightened and size being increased, the deal was still more than twice subscribed at the end of bookbuilding.
  • SSA
    Instituto de Crédito Oficial (Ico) is hatching plans to take the European peripheral recovery outside of the euro for the first time by issuing a dollar benchmark. The Spanish agency, which on Monday sold a €1bn seven year deal at the tightest spread to Bonos it has seen on a syndication since 2010, is planning a trip to the US to meet investors.
  • SSA
    The UK’s Debt Management Office printed its first syndicated trade of 2013 on Tuesday, a tap of a 31 year Gilt. The deal quickly reached full subscription and after an hour long bookbuild was healthily oversubscribed. The DMO will round out its syndicated funding year with an index-linked bond in February.