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Sovereigns

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Debut took a long time but established market access, says country's debt chief
SSA
As the Middle East war shakes bond markets, non-sovereign public sector issuers are proving their safe haven status
Sovereign keeps funding guidance unchanged for 2026 but warns against 'adverse effects on growth'
The country is one of the most versatile sovereign issuers, printing across multiple formats
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  • Rating: Aa1/AA+/AA+
  • SSA
    With record borrowing programmes to complete as result of the pandemic, there will be no traditional major lull in issuance during the summer for public sector borrowers, according to bankers.
  • Bagshaw heads to HSBC, Deutsche replaces him — Citi's Kemp retires — Karolev moves to JP Morgan
  • Speaking at a Treasury Committee hearing on Wednesday, Sir Robert Stheeman, chief executive of the UK’s Debt Management Office, said that he was not concerned about the Bank of England’s decision last week to slow down the pace of Gilt purchases until the end of the year.
  • Popular discontent could well rise in many countries as the coronavirus crisis hits the poorest worst of all. In the past, unrest may have only worried government bond investors to the extent that it damaged creditworthiness. But, as market participants become ever more socially conscious, DBRS Morningstar’s Nichola James says that we can also apply an ESG (environmental, social and governance) lens to it.
  • Austria returned to the 100 year part of the curve — a tenor it has made its own — receiving its strongest ever order book for the maturity.