Germany in the news

  • KfW EUR3bn 0% Dec 27

    • 15 Oct 2020
  • Euro SSA market strong ahead of EU arrival

    It was a moderate week for supply in the primary euro public sector bond market but the issuers that did come found ample demand, setting up a decent backdrop for the expected arrival of the European Union’s big borrowing programme next week.

    • 15 Oct 2020
  • KfW and Paris score in quiet euro SSA market ahead of EU’s arrival

    KfW and Ville de Paris grabbed the attention of investors at the opposite ends of the euro curve on Tuesday in what has been a thin week for issuance in the currency by public sector borrowers ahead of the expected arrival of the EU’s first syndicated bond under its Support to Mitigate Unemployment Risks in an Emergency (SURE) funding programme next week.

    • 13 Oct 2020
  • SSA secondary pricing update: Land NRW and EFSF trade tighter

    Trading levels given are bid-side spreads versus mid-swaps and/or an underlying benchmark and bid-yields from the close of business on Monday, October 12. The source for secondary trading levels is ICE Data Services

    • 13 Oct 2020
  • KfW readies seven year euro benchmark

    KfW mandated banks for a seven year euro benchmark on Monday, a deal which was already expected to arrive this week and could well be the German agency’s final public deal in the currency this year.

    • 12 Oct 2020
  • Land NRW EUR2.4bn 0% Oct 35 sustainability bond

    • 08 Oct 2020
  • KfW rumoured for next week as Saxony sells only half of seven year bond

    KfW could be set to hit screens with a euro benchmark next week in what may be its final public deal in the currency this year, according to bankers. The bond is likely to come with a seven year maturity, a tenor that the Free State of Saxony struggled with on Thursday, finishing with the book only around half covered.

    • 08 Oct 2020
  • Land NRW finishes 2020 funding amid overwhelming demand

    The German State of North Rhine-Westphalia came to market on Monday for its final benchmark bond issue of 2020 — a €2.4bn sustainability bond. Although NRW is winding up this year's funding, there are still plenty of deals in the pipeline from its fellow Laender.

    • 05 Oct 2020
  • SRI wave rolls on through SSA mart

    Green, social and sustainable issuance has dominated the supranational and agency bond market for a whole month, consistently outpacing conventional supply. That trend looks set to continue with three SRI deals already on screens.

    • 05 Oct 2020
  • Funding scorecard: European supranationals and agencies

    This week's funding scorecard looks at the progress of Europe's supranationals and agencies at the start of the fourth quarter.

    • 05 Oct 2020
  • BNG prints longest ever sustainability bond

    Bank Nederlandse Gementeen kicked off a busy week for socially responsible bond issuance by public sector borrowers with a well-received 12 year sustainable bond, its longest ever deal in that format.

    • 01 Oct 2020
  • Bremen sells less than half of €500m bond

    The City of Bremen was heavily undersubscribed as it came to the market with an eight year bond on Thursday, in what is the region’s second consecutive public deal that has failed to reach full subscription.

    • 01 Oct 2020
  • SSA secondary pricing update: OTFT dual tranche performs strongly

    Trading levels given are bid-side spreads versus mid-swaps and/or an underlying benchmark and bid-yields from the close of business on Monday, September 28. The source for secondary trading levels is ICE Data Services

    • 29 Sep 2020
  • Germany to issue second green bond in November

    Germany’s national debt management agency, the Finanzgentur, has outlined its issuance plans for the fourth quarter, which includes the details of the sovereign’s second ever green bond following its debut deal in the format earlier this year.

    • 29 Sep 2020
  • BNG and Land NRW plan euro sustainable bonds

    After a week without deals, the primary euro public sector bond market will see a return of activity next week with Bank Nederlandse Gemeenten and the State of North Rhine-Westphalia preparing to bring sustainable deals in the currency.

    • 25 Sep 2020

European Sovereign Bonds

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 JPMorgan 42.07 59 10.37%
2 BNP Paribas 35.95 41 8.86%
3 Citi 29.08 41 7.17%
4 BofA Securities 25.35 63 6.25%
5 Barclays 23.24 40 5.73%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 Citi 52.40 123 11.26%
2 JPMorgan 41.69 91 8.96%
3 HSBC 32.78 92 7.04%
4 Goldman Sachs 32.16 57 6.91%
5 BofA Securities 31.86 78 6.84%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 JPMorgan 68.22 148 8.96%
2 BNP Paribas 64.44 110 8.47%
3 UniCredit 52.84 121 6.94%
4 HSBC 46.61 139 6.12%
5 Credit Agricole CIB 45.94 106 6.04%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 JPMorgan 132.05 361 7.62%
2 Citi 109.74 244 6.33%
3 HSBC 97.04 304 5.60%
4 BofA Securities 88.01 241 5.08%
5 BNP Paribas 84.61 177 4.88%