Latest Sub-sovereigns news

  • 100 year tap takes spotlight in euro mart

    The State of North Rhine Westphalia took centre stage in a quiet euro public sector market this week with a syndicated increase of its century bond.

    • 21 Mar 2019
  • Basque Country eyeing bond return

    The Basque Country could became the latest Spanish sub-sovereign to hit the bond market in recent weeks as the regions look to get in ahead of Spain’s general election at the end of April.

    • 21 Mar 2019
  • Land NRW taps ‘super-hot’ demand for 100 year bond

    The State of North-Rhine Westphalia received a rapturous reception from investors for the syndicated reopening of its century bond on Tuesday, allowing it to print over five times the initial target size.

    • 19 Mar 2019
  • Andalusia trade impresses onlookers

    Bankers away from Andalusia’s 10 year euro benchmark are heaping praise on the trade, which was priced on Tuesday.

    • 19 Mar 2019
  • Land NRW hits first century bond

    The State of North-Rhine Westphalia sold its first century bond on Thursday via the private placement market, and is open to the possibility of bringing a syndicated deal in the tenor.

    • 15 Mar 2019
  • AfDB ‘prices through fair value’ as German Land extends curve

    The African Development Bank sold a 10 year benchmark in euros on Thursday that bankers said priced through fair value. Land Schleswig-Holstein was also in the market for the same tenor that extended its curve to 2029.

    • 14 Mar 2019
  • ECB provides boost to already soaring euro market

    Public sector borrowers are set to enjoy yet more enviable funding conditions in euros, with central banks on an even more dovish path than before. At least one benchmark is in the pipeline for next week, while this week a core eurozone issuer sold its largest ever deal.

    • 07 Mar 2019
  • Land NRW ready for Sonia and Sofr from ‘early summer’

    The State of North Rhine Westphalia will be able to issue floating rate notes linked to Sonia and Sofr under its new medium-term notes’ programme, which will be released in the next few months.

    • 07 Mar 2019
  • Land NRW grabs €4.75bn in dual-tranche blowout

    The State of North Rhine Westphalia sold an unusually large amount of debt in the SSA market on Wednesday through a dual tranche offering, with one of the bonds coming with a sustainable label.

    • 06 Mar 2019
  • Spain in demand as sov mulls green bonds

    The Spanish Treasury is studying the possibility of issuing green bonds — a shift from its previous position on the format — after the country’s government last week outlined a series of measures to decarbonise the economy by 2050. Spain is also adjusting its inflation-linked bond issuance strategy this year. If the sovereign does decide to issue green bonds, it is likely to find strong demand, with one of its own debt issues as well as a returning Spanish region this week being heavily oversubscribed.

    • 28 Feb 2019

Sub-sovereigns news archive

European Sovereign Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 12,550.11 16 13.17%
2 Citi 8,945.86 13 9.39%
3 HSBC 8,757.05 9 9.19%
4 BNP Paribas 7,456.75 9 7.82%
5 Barclays 7,102.70 8 7.45%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 15,452.65 33 12.37%
2 JPMorgan 13,213.15 27 10.57%
3 Barclays 9,740.96 19 7.79%
4 Deutsche Bank 8,922.05 19 7.14%
5 HSBC 8,299.62 17 6.64%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 21,887.20 35 10.75%
2 Credit Agricole CIB 15,745.14 24 7.73%
3 HSBC 15,725.41 31 7.72%
4 BNP Paribas 14,270.46 23 7.01%
5 Barclays 13,882.61 26 6.82%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 37,805.41 128 8.67%
2 HSBC 30,046.11 89 6.89%
3 Citi 28,948.61 77 6.64%
4 Barclays 28,208.07 79 6.47%
5 Deutsche Bank 21,549.79 54 4.94%