Latest Sub-sovereigns news

  • San Francisco looks overseas for green investors

    The San Francisco Public Utilities Commission (SFPUC) is looking for international buyers of its green bonds for the first time as it prepares a roughly $402m new issue.

    • 03:00 PM
  • BondMarker: how did Land NRW’s 50 year debut fare?

    The State of North Rhine-Westphalia’s decision to tap into a glut of long end euro demand won the praise of BondMarker voters, as it fell just short of an average score of 8.0.

    • 16 Jul 2018
  • BondMarker voters rate euro 10 year

    A long dated euro benchmark from Quebec had the strongest scores of the week on BondMarker.

    • 10 Jul 2018
  • Land NRW shows there’s life in the long end yet

    A German sub-sovereign astonished the SSA market this week, selling a 50 year benchmark to show that, despite the expectations of rising rates in euros, some investors at least are still happy to put money into assets at the ultra-long end. Lewis McLellan reports.

    • 05 Jul 2018
  • Land NRW goes ultra long

    The State of North Rhine-Westphalia has launched its first ever 50 year benchmark, coming to market just as Bank Nederlandse Gemeenten landed at the short end.

    • 04 Jul 2018
  • Social bonds: a young market for the old

    Regional governments in several European countries could find problems funding 'the high cost of providing long term care (LTC) for their ageing populations' in the coming years, according to a Moody’s report on Tuesday. If ever there was a perfect market to be funded by the burgeoning social bond sector, this is it.

    • 03 Jul 2018
  • Land NRW prepares to enter 50s amid euro flurry

    The State of North Rhine-Westphalia is set to bring its longest ever euro benchmark, as public sector borrowers line up trades across the currency’s curve.

    • 03 Jul 2018
  • Quebec and Kommunekredit go head to head in euro 10s

    A green bond and a conventional bond both hit the euro market on Wednesday. While neither aimed for size, the pricing action showed much hotter demand for the green offering.

    • 27 Jun 2018
  • Big hitters land in euros, investors uncertain

    Two euro borrowers launched benchmarks on Wednesday, sharing the SSA euro market. While both secured successful deals, one found the market tougher going, as investors pushed back.

    • 26 Jun 2018
  • Srpska set to price but may not reach €200m

    Republika Srpska, an autonomous entity in Bosnia and Herzegovina, was set to issue a five year Eurobond at 4.75% on Friday, but those on the deal were not certain of reaching the maximum €200m size.

    • 22 Jun 2018

Sub-sovereigns news archive

European Sovereign Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 Barclays 13,577.78 16 10.55%
2 Citi 12,045.36 19 9.36%
3 JPMorgan 11,945.26 17 9.28%
4 HSBC 10,316.86 14 8.01%
5 NatWest Markets 8,487.83 7 6.59%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 29,150.83 75 11.95%
2 HSBC 22,658.54 50 9.29%
3 JPMorgan 21,895.64 54 8.98%
4 Deutsche Bank 19,242.86 28 7.89%
5 Bank of America Merrill Lynch 18,058.50 54 7.40%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 26,932.95 62 8.25%
2 Barclays 24,851.88 42 7.61%
3 HSBC 23,409.02 79 7.17%
4 UniCredit 23,038.67 57 7.06%
5 BNP Paribas 21,471.54 40 6.58%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 57,446.57 306 7.16%
2 Citi 55,651.25 194 6.94%
3 HSBC 55,446.70 198 6.91%
4 Barclays 45,831.83 154 5.71%
5 Deutsche Bank 42,500.76 118 5.30%