Latest Sub-sovereigns news

  • Andalusia prints first MTNs for six years

    The Spanish region of Andalusia has sold three long dated bonds in the last week, marking its return to the MTN market after a six year absence.

    • 20 May 2019
  • World Bank prices through euro curve with 10 year return

    The World Bank sold its first 10 year euro benchmark since 2009 on Tuesday, with the supranational going slightly through its own curve on its return, according to onlooking SSA bankers.

    • 14 May 2019
  • Paris preps curve extension

    City of Paris mandated banks on Monday for a new 20 year bond that will extend its curve to 2039.

    • 13 May 2019
  • IFC prints inaugural Cambodian riel-linked note

    The International Finance Corporation printed the first offshore Cambodian riel-linked note last week. The bond’s proceeds will go towards the creation of a local capital market in Cambodia and the expansion of local currency lending in the country.

    • 13 May 2019
  • Hanover mandates for ultra-long Schuldschein

    The City of Hanover is returning to the Schuldschein market with a dual tranche, long dated deal, around a year after it became the first city to issue a green Schuldschein.

    • 07 May 2019
  • Navarre makes sustainable debut

    The Spanish region of Navarre has printed its debut sustainable bond. Navarre is the third Spanish autonomous community, behind Madrid and the Basque Country, to issue a sustainable bond.

    • 29 Apr 2019
  • Région Wallonne grabs €1bn with sustainability debut

    Région Wallonne almost wiped out its total funding needs for the year with its first set of benchmark and sustainable bonds on Thursday.

    • 25 Apr 2019
  • Belgian sub-sovereign out with IPTs for sustainable debut

    Région Wallonne is moving forward with plans to sell its first bonds in benchmark and sustainable format, with initial price thoughts announced on Wednesday for new seven and 15 year bonds.

    • 24 Apr 2019
  • ECB tiering no panacea for ailing banks, say analysts

    The European Central Bank has indicated that it is looking into how to mitigate the costs that years of negative interest rates have exacted on banks. That has led some in the market to bet that it will introduce tiered interest rates at some point. But analysts are not convinced that tiering deposit rates will help weak lenders — or make any difference at all. Mike Turner reports.

    • 17 Apr 2019
  • Ontario sets spread early for three year

    The Province of Ontario’s three year dollar benchmark this week sparked criticism from onlooking bankers after the spread was set a day before pricing. However, a head of SSA DCM at one of the leads replied that it was the “honourable” thing to do after the deal received more demand than expected.

    • 17 Apr 2019

Sub-sovereigns news archive

European Sovereign Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 13,503.69 19 12.04%
2 Citi 11,025.37 16 9.83%
3 HSBC 10,438.07 12 9.31%
4 BNP Paribas 8,371.12 12 7.46%
5 Barclays 7,970.77 10 7.11%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 20,625.37 46 12.46%
2 JPMorgan 17,187.80 40 10.38%
3 Barclays 12,294.11 26 7.43%
4 HSBC 10,936.92 25 6.61%
5 Deutsche Bank 10,542.52 22 6.37%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 27,113.83 53 10.12%
2 HSBC 20,284.07 58 7.57%
3 Credit Agricole CIB 19,324.03 40 7.21%
4 BNP Paribas 18,161.36 34 6.78%
5 Barclays 17,423.19 37 6.50%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 48,456.47 210 7.93%
2 HSBC 41,020.86 144 6.72%
3 Citi 40,186.92 114 6.58%
4 Barclays 35,962.48 115 5.89%
5 Deutsche Bank 29,199.14 83 4.78%