Latest Supranationals & Agencies news

  • Euro 10 year market softens amid concerns about end of QE

    The euro public sector market for 10 year deals encountered a steep sell-off in secondary and underperformance in primary this week, as investors take a cautious approach as the European Central Bank’s quantitative easing stimulus comes to a close at the end of the year.

    • 20 Sep 2018
  • Dollar push-back but bankers relaxed

    Public sector borrowers rushed into what is likely to be the last window for dollar issuance for a few weeks, removing some of the price tension they had enjoyed in what had been an undersupplied currency so far this year. That meant pricing correctly involved fine margins — although most deals made it through happily.

    • 20 Sep 2018
  • Not all SRI bonds equal in tricky markets

    Signs emerged in the SSA market this week that not all SRI bonds are equally worthwhile as far as investors are concerned, particularly when market conditions are not ideal. A series of bonds with a green label went through with little difficulty but a pair of social bonds were undersubscribed. Craig McGlashan reports.

    • 20 Sep 2018
  • KfW braves 10 year euro amid secondary sell-off

    KfW was able to achieve a well oversubscribed book and tight pricing for its 10 year euro benchmark on Thursday, despite a steep sell-off in the issuer’s secondary curve.

    • 20 Sep 2018
  • World Bank finds dollar depth as bankers warn of fine margins

    The World Bank cleared $4bn in the dollar market on Thursday but with spreads very tight, SSA bankers are warning that there is still little margin for error in the currency.

    • 20 Sep 2018
  • ADBC debuts in dollars, revisits CNH

    Chinese policy bank Agricultural Development Bank of China made its first foray into the dollar bond market on a busy Wednesday to raise $700m, alongside a Rmb1.2bn ($175m) return to offshore renminbi.

    • 20 Sep 2018
  • Supranationals will follow AfDB and securitize to gain lending power

    More supranational banks will use synthetic securitization and other risk transfer techniques, specialists believe, after the African Development Bank’s trailblazing $1bn deal, revealed this week, writes Jon Hay.

    • 20 Sep 2018
  • UBS poised for top spot in Swiss francs as work in Canada and Korea pays off

    Credit Suisse has for decades called first place in Swiss franc bonds its own. But as the fourth quarter approaches, arch-rival UBS is defending a potentially insurmountable lead over its sparring partner, thanks largely to its success bringing Canadian and Korean borrowers to the market this year.

    • 19 Sep 2018
  • World Bank readies test of investor resistance in dollar market

    Dollar investors gave public sector issuers something to think about on Wednesday, as a pair of SRI bonds had very different receptions. One aggressively priced deal struggled to reach full subscription while another offering some concession grew by a half. World Bank is up next in the currency, though in conventional format, and bankers believe the trade will indicate the market’s direction.

    • 19 Sep 2018
  • Islamic Development Bank tightens spread on five year sukuk

    The Islamic Development Bank’s five year sukuk trade appears to be meeting with a warm response, allowing the leads to pull in the spread by several basis points.

    • 19 Sep 2018

Supranationals & Agencies news archive

more bond comments

Capital markets data from GlobalCapital

Go to GlobalCapital's SSA data pages for the latest information on priced deals, borrower funding progress, league tables and upcoming deals. 

European Sovereign Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 Barclays 14,544.75 18 10.40%
2 JPMorgan 13,122.11 20 9.38%
3 Citi 12,168.30 20 8.70%
4 HSBC 10,850.10 15 7.76%
5 NatWest Markets 9,080.61 8 6.49%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 34,721.32 92 12.32%
2 JPMorgan 25,730.35 63 9.13%
3 HSBC 24,143.03 57 8.57%
4 Bank of America Merrill Lynch 21,642.93 64 7.68%
5 Deutsche Bank 19,993.80 31 7.09%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 31,770.50 80 8.36%
2 Barclays 27,937.95 51 7.35%
3 HSBC 26,536.90 91 6.98%
4 UniCredit 26,134.28 69 6.87%
5 BNP Paribas 24,736.61 55 6.51%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 67,204.78 382 7.05%
2 Citi 65,839.22 241 6.91%
3 HSBC 60,617.24 227 6.36%
4 Barclays 52,392.60 191 5.50%
5 Deutsche Bank 45,779.29 142 4.80%