Latest sovereign news

  • Italy's sovereign funding chief to retire

    Maria Cannata of the Italian Tesoro, one of the sovereign bond market’s best known and longest serving funding heads, is to retire, just after the new year.

    • 15 Dec 2017
  • Green does not suit everyone

    For anyone hoping that the green bond market can grow to even greater heights, news that Belgium and Nigeria are bringing debut deals — and that other sovereigns are considering the possibility — will be welcome. But it may be that some countries are better suited to the model than others.

    • 14 Dec 2017
  • Green for '18: sovereign mart to ripen

    The sovereign green bond market looks set to come of age next year, with some issuers confirming that they will join the likes of France in printing deals and others mulling the possibility. But the model may not fit all government borrowers — for the moment, at least. Craig McGlashan reports.

    • 14 Dec 2017
  • US Treasuries rally after FOMC as Italy preps dollar return

    The US Federal Reserve raised its target rate to 125bp-150bp this week in a move investors and analysts widely expected, but there was still a small rally in US Treasury yields as some of the central bank’s projections hinted at what analysts called a “Goldilocks scenario for bonds”. That is likely to be welcomed in the offices of one sovereign issuer, which is planning a return to the dollar market after a long absence.

    • 14 Dec 2017
  • ECB holds, Iceland returns in style

    European Central Bank president Mario Draghi struck an upbeat note on the currency bloc’s growth prospects at a press conference following a governing council meeting on Thursday, but analysts still expect borrowers to enjoy supportive conditions for some time yet. The meeting — and the approaching year end — meant euro supply was thin on the ground, but Iceland did take the opportunity to return after several years away.

    • 14 Dec 2017
  • ECB upbeat but ‘tightening some way off’, say analysts

    European Central Bank president Mario Draghi struck an upbeat note on the currency bloc’s growth prospects at a press conference following a governing council meeting on Thursday, but analysts still expect borrowers to enjoy supportive conditions for some time yet.

    • 14 Dec 2017
  • Ireland open to green in 2018

    Ireland is open to the possibility of adding green bonds to its funding mix as it looks to diversify its portfolio of debt instruments, according to the country’s head of funding.

    • 14 Dec 2017
  • France eyes long dated linker for 2018

    France is looking to syndicate an inflation linked benchmark in 2018, after announcing its funding plans for the year on Thursday.

    • 14 Dec 2017
  • Asian bond bankers mull prospects after record year

    Asian bond volumes soared this year, breaking records with $350bn of issuance. Can 2018 possibly be any better? Addison Gong attempts to find out.

    • 14 Dec 2017
  • Nigeria's green bond wins high assessment, to be launched next week

    Nigeria is expected to become only the fourth sovereign globally — and the first in Africa — to issue green bonds, by selling a $30m-equivalent five year or longer naira government bond next week.

    • 14 Dec 2017
  • Iceland eight times subscribed for euro return

    Iceland was awash with orders on Wednesday for its first deal since 2014, which came alongside a tender offer for the sovereign’s July 2020 bonds.

    • 13 Dec 2017

Sovereign news archive

European Sovereign Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 Citi 18,605.78 27 8.83%
2 HSBC 16,094.53 24 7.64%
3 Barclays 15,995.15 26 7.59%
4 BNP Paribas 15,919.65 22 7.55%
5 Goldman Sachs 14,733.99 25 6.99%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 53,463.63 126 11.61%
2 Citi 52,833.87 135 11.48%
3 HSBC 35,719.21 90 7.76%
4 Bank of America Merrill Lynch 34,298.88 106 7.45%
5 Deutsche Bank 31,212.00 75 6.78%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 UniCredit 34,793.50 122 7.22%
2 HSBC 34,778.70 117 7.22%
3 Barclays 33,100.55 82 6.87%
4 Goldman Sachs 31,906.26 88 6.62%
5 BNP Paribas 31,647.57 69 6.57%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 96,179.86 335 7.29%
2 JPMorgan 94,013.25 550 7.13%
3 HSBC 82,198.94 302 6.23%
4 Barclays 67,551.66 221 5.12%
5 Bank of America Merrill Lynch 66,801.88 220 5.07%