Latest Sub-sovereigns news

  • Cyprus and State of NRW steal the show in euros

    Though this week was expected to be something of a write-off for SSA issuance, thanks to Euromoney’s Global Borrowers & Bond Investors forum, a pair of issuers pulled off well-received transactions.

    • 22 Jun 2017
  • SFiL raises $1bn at three years in dollar debut as State of NRW goes long in euros

    French agency Société de Financement Local (SFiL) raised $1bn with its first ever dollar bond on Wednesday, while the German State of North Rhein-Westphalia pushed out its curve to 2048.

    • 21 Jun 2017
  • SSAs could break tradition with deals during big conference week

    Public sector borrowers could bring deals in euros and dollars next week, said SSA bankers, although supply is likely to be fairly muted with many funding officials descending on London for the annual Euromoney Global Borrowers conference.

    • 15 Jun 2017
  • CPPIB makes euro debut as CDP lines up return

    A trio of euro borrowers launched trades and a fourth picked banks on Tuesday in a market buoyed by a perceived renewal of European political unity following welcome results in elections in France and Italy at the weekend.

    • 13 Jun 2017
  • Public sector quartet lines up in euros

    Four public sector borrowers will launch euro bonds on Wednesday, having announced deals throughout the curve ahead of this week’s European Central Bank meeting.

    • 06 Jun 2017
  • Contrasting dollar fortunes for SSAs

    There was just a smattering of public sector dollar deals this week — but a wide difference in how they fared.

    • 01 Jun 2017
  • KommuneKredit ‘disappoints’ in three year dollars

    KommuneKredit fell short of full subscription with a three year dollar benchmark on Thursday, with few updates provided through the book building process.

    • 01 Jun 2017
  • SSAs go short in dollars amid reset swap spreads

    Public sector borrowers are aiming for the short end of the dollar curve, as swap spreads in the area hover around the spot in which they started 2017, having dropped sharply from the year’s highs hit in March.

    • 31 May 2017
  • Flemish Community pulls in spread on second ever syndication

    The Flemish Community’s second ever outing in the public debt market raised €1.25bn over two tranches, pulling in large books and setting the final spread 4bp inside guidance on one of the legs.

    • 24 May 2017
  • GlobalCapital Bond Awards 2017: SSA winners

    GlobalCapital is delighted to announce the winners of its SSA Bond Awards for 2017. The results were revealed at a gala dinner at London's Globe Theatre on May 23. Thank you to everyone who supported the event by attending and voting in the polls that decided who were the best and brightest in SSA bonds over the last 12 months.

    • 24 May 2017

Sub-sovereigns news archive

European Sovereign Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 13 Jun 2017
1 BNP Paribas 12,133.14 16 4.41%
2 Barclays 11,436.59 16 4.16%
3 Citi 11,407.60 13 4.15%
4 HSBC 10,809.87 15 3.93%
5 UniCredit 9,914.96 13 3.61%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 13 Jun 2017
1 Citi 29,428.61 70 5.96%
2 JPMorgan 28,204.66 71 5.71%
3 HSBC 18,162.74 45 3.68%
4 Deutsche Bank 17,792.83 38 3.60%
5 Bank of America Merrill Lynch 17,688.79 54 3.58%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 20 Jun 2017
1 BNP Paribas 24,517.73 45 3.85%
2 JPMorgan 24,215.01 63 3.80%
3 UniCredit 24,061.01 62 3.78%
4 HSBC 23,780.64 71 3.73%
5 Barclays 22,961.67 55 3.60%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 12 Jun 2017
1 JPMorgan 57,598.36 286 3.94%
2 Citi 52,375.29 185 3.58%
3 HSBC 47,349.68 167 3.24%
4 Barclays 43,712.92 125 2.99%
5 Deutsche Bank 39,612.00 149 2.71%