US banks in spotlight as euros stay quiet in French election fog

US banks stole the show in the FIG market this week after publishing their first quarter results, but European banks could soon return to their domestic currency if the French presidential elections give participants great clarity.

  • By Tyler Davies
  • 20 Apr 2017

On Wednesday Bank of America printed a huge $6.75bn senior debt offering in the US market, which, alongside deals from JP Morgan, Citi and Morgan Stanley, brought the total volume of domestic FIG issuance to about $13bn in dollars for this week alone.

Bank ...

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Bookrunners of Global Covered Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 Apr 2017
1 HSBC 4,946.45 21 6.58%
2 Commerzbank Group 4,025.24 24 5.36%
3 UniCredit 3,981.56 30 5.30%
4 SG Corporate & Investment Banking 3,839.27 16 5.11%
5 LBBW 3,832.35 17 5.10%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 03 Apr 2017
1 Goldman Sachs 35,449.67 139 7.74%
2 Morgan Stanley 34,987.32 115 7.64%
3 Bank of America Merrill Lynch 28,660.24 106 6.26%
4 JPMorgan 26,590.60 127 5.80%
5 Citi 25,441.59 152 5.55%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 25 Apr 2017
1 JPMorgan 104,210.95 417 10.23%
2 Citi 99,111.89 557 9.73%
3 Bank of America Merrill Lynch 94,929.57 429 9.32%
4 Morgan Stanley 89,025.14 390 8.74%
5 Goldman Sachs 85,770.72 496 8.42%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 25 Apr 2017
1 SG Corporate & Investment Banking 3,864.50 15 9.10%
2 LBBW 3,164.12 11 7.45%
3 Commerzbank Group 2,832.12 11 6.67%
4 BNP Paribas 2,664.21 9 6.27%
5 Credit Agricole CIB 2,606.68 11 6.14%

Global FIG Revenue

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 02 May 2016
1 Morgan Stanley 365.83 497 7.62%
2 JPMorgan 332.66 618 6.92%
3 Bank of America Merrill Lynch 299.89 590 6.24%
4 Goldman Sachs 276.71 375 5.76%
5 Citi 264.54 592 5.51%

Bookrunners of European Subordinated FIG

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 25 Apr 2017
1 Credit Suisse 3,180.28 13 9.74%
2 BNP Paribas 2,841.61 13 8.71%
3 Barclays 2,826.86 11 8.66%
4 Citi 2,294.04 17 7.03%
5 HSBC 2,266.36 17 6.94%