Meanings of sovereign issuer in English

Asia's largest sovereign issuer of foreign debt is taking advantage of strong investor appetite for emerging markets.

It was, said the agency, "a big vote of confidence in Ireland as a sovereign issuer".

Both said they would assign a new rating to the sovereign issuer once Argentina had finally recovered from a 2014 default.

This is the first global bond by the sovereign issuer since it achieved investment grade status by all three agencies last year.

The sovereign issuer set the spread via Barclays, Citigroup and JP Morgan at 6bp through swaps for a three-year, unchanged from IPTs.

Credit default swaps are used to bet on the credit quality of a company or sovereign issuer or protect against the likelihood of default.

Mexico issued the equivalent of over $6.7 billion so far this year, making it the biggest sovereign issuer.

In April, Indonesia was the first Asian sovereign issuer to sell a 50-year tranche as part of a deal which raised $4.3 billion.

Currently just 11 sovereign issuers carry a top rating from both Moody's and S&P.

Contagion from the crisis has spread to other top-rated sovereign issuers such as the Netherlands and Austria.

Other potential sovereign issuers this week include Turkey while Croatia's next dollar bond is slated for March.

He also wants bans on unsolicited ratings on government debt and on producing credit outlooks for sovereign issuers.

Italy's sale adds to a busy start to 2020, with new syndicated debt placed by many sovereign issuers.

CDS spreads on each of those sovereign issuers similarly widened over most of that period - though have rallied recently.

Companies would come back after reviewing their business plans, and Standard Chartered was continuing to talk with sovereign issuers, he said.

According to Severino, the upcoming March-April window should allow not only corporate but sovereign issuers to tap debt markets in much more favorable terms.