Sub-sovereigns
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EuroWeek Bond Award: winners and celebrities
Publish date | 20 May 2013
SSA Markets's sister publication, EuroWeek, gave out its awards to the SSA bond market in London on Thursday night. Read below to see who won and who was nominated on the night. SSA bankers were entertained on the evening by popular comedian Alistair McGowan, pictured below with SSA Markets deputy editor, Tessa Wilkie and FIG niche currency bond supremo, Nomura's Nick "The Niche" Dent.
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Swedish munis follow Gothenburg with syndications
Publish date | 10 May 2013
Linköping became the third ever Swedish municipality to sell bonds by syndication on Wednesday, pricing a three year floater. The trade follows dual tranche deals by Lund Municipality last week and City of Gothenburg in March. Further syndications are a strong possibility as Swedish municipalities grow more accustomed to the procedure.
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Regional issuers join Spanish funding fiesta
Publish date | 25 April 2013
Spanish regional credits — including super rare issuer Institut Català de Finances — took advantage of their sovereign’s plummeting yields to place a series of privately placed deals this week.
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Lower Saxony sells well in sevens
Publish date | 22 April 2013
Lower Saxony sold a tap of seven year floating rate debt on Monday morning. The deal — aimed to take advantage of limited supply from German states recently — priced flat to the outstanding bonds, following on from similar successes last week.
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Thuringia adds to Laender joys in fives
Publish date | 19 April 2013
The State of Thuringia sold five year debt on Friday morning, with sharper than expected investor interest allowing the issuer to increase the size of the deal. The trade rounds out a successful week for German states, including a blowout 10 year benchmark from the State of Saxony-Anhalt.
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EFSF sneaks in for tap while Saxony-Anhalt blows out in 10s
Publish date | 18 April 2013
The European Financial Stability Facility (EFSF) tapped a three year bond for €1.5bn on Wednesday afternoon. It was joined in euros by the State of Saxony-Anhalt, which priced a heavily oversubscribed 10 year benchmark at a tight price earlier in the day.
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Bremen to follow on from Lower Saxony in sevens
Publish date | 15 April 2013
The State of Lower Saxony tapped seven year debt on Monday morning, continuing a steady stream of issuance from German states. The City State of Bremen is also expected to come to market soon with a seven year floater.
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Regions and agencies go private for busy week
Publish date | 12 April 2013
Small issuers felt the love of investors this week as a flurry of long dated issuance in the private markets echoed the bulge of activity in the public sector.
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French regions draw in foreign currencies
Publish date | 28 March 2013
The largest French regions could consider foreign currency deals as they tackle increased funding needs, euro medium term note bankers said this week.
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Surprise oversubscription on NRW seven year
Publish date | 26 March 2013
The German State of North-Rhine Westphalia has had one of its most successful transactions in recent history on Tuesday with a €1bn seven year bond, which drew demand of over €2.7bn and was priced 3bp inside initial price thoughts.
