Latest Sub-sovereigns news

  • Laender score strong 10 year euros as EU cleans up at long end

    The Joint Laender printed €1bn of 10 year paper on Tuesday, filling the book unusually quickly for a Laender deal. The deal was joined in the market by a European Union (EU) tap of an April 2031 line.

    • 05:00 PM
  • Catalonia to markets: ‘Expect worse’

    By 10am on Monday October 16, Catalonia's president Carles Puigdemont must clarify whether this week’s declaration of independence was firm. Many in capital markets have dismissed the possibility of Spain’s constitutional crisis causing market volatility, but the Catalan government is approaching its week of reckoning in combative mood, write Lewis McLellan and Victor Jimenez.

    • 12 Oct 2017
  • Mixed results for SSAs in super-tight dollars

    While the dollar market produced one of its strongest deals of the year on Wednesday, another deal enjoyed markedly less success on the day, indicating that investors’ tolerance for tight levels may be becoming stretched.

    • 12 Oct 2017
  • Election lifts hopes of greener Germany, perhaps even green bond

    Germany’s general election has put the Green party in a strong position to push for bolder policies on sustainability, and possibly to gain control of the energy ministry.

    • 12 Oct 2017
  • EIB scores super tight spread with five year dollar deal

    The European Investment Bank shrugged off any concerns over the divisions between the governments of Spain and Catalonia and the skinny spreads on offer, printing $3bn at one of the tightest spreads of the year.

    • 11 Oct 2017
  • Catalonia: ‘Markets fear violence, not our independence’

    Bond markets remain sanguine about the declaration of independence by Catalonia's president Carles Puigdemont on Tuesday, but that could change sharply if Spain clamps down with force.

    • 11 Oct 2017
  • EIB and Land NRW ready dollar deals

    The European Investment Bank (EIB) and the German State of North Rhein-Westphalia (Land NRW) have picked banks for dollar benchmarks expected to hit the market on Wednesday.

    • 10 Oct 2017
  • Spain and Catalonia risk ‘Pyrrhic victories’ over debt decisions

    Spain and Catalonia could be heading for a “Pyrrhic victory on both sides” in terms of their capital markets access, if they fail to reach an agreement on the latter’s status after a disputed independence referendum on Sunday, according to capital markets lawyers.

    • 05 Oct 2017
  • Investors cut European duration, eye Italy over Spain

    The buy-side is slowly removing European duration from portfolios in anticipation of the European Central Bank cutting its asset purchase programme, according to an investment director. Meanwhile, new cash flowing into the eurozone periphery is likely to go to Italy over Spain while uncertainty lingers over Catalonia’s future.

    • 04 Oct 2017
  • Bonos take hit ahead of auction amid Catalonia turmoil

    Clashes during Catalonia’s disputed independence referendum over the weekend have taken their toll on Spanish government bonds ahead of a Bono auction on Thursday. But the country’s borrowing costs could steepen further if, as expected, the Catalan authorities declare independence, said analysts.

    • 02 Oct 2017

Sub-sovereigns news archive

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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 Citi 17,773.39 25 9.05%
2 HSBC 16,094.53 24 8.19%
3 BNP Paribas 14,513.99 21 7.39%
4 Barclays 14,014.48 21 7.13%
5 Goldman Sachs 13,328.33 24 6.78%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 46,791.16 113 11.73%
2 Citi 45,464.82 116 11.39%
3 HSBC 32,120.98 74 8.05%
4 Bank of America Merrill Lynch 31,646.56 91 7.93%
5 Deutsche Bank 25,336.01 60 6.35%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 32,254.14 93 7.35%
2 UniCredit 31,545.41 101 7.19%
3 BNP Paribas 30,965.57 63 7.06%
4 Goldman Sachs 30,813.44 79 7.02%
5 Barclays 28,821.98 69 6.57%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 85,921.52 293 7.43%
2 JPMorgan 84,566.67 476 7.31%
3 HSBC 75,298.30 255 6.51%
4 Bank of America Merrill Lynch 62,436.52 190 5.40%
5 Goldman Sachs 58,162.93 154 5.03%