RBC taps bank demand with domestic Aussie debut

Royal Bank of Canada issued a three year Aussie dollar floater on Tuesday, selling the bonds through its Sydney branch. The bank has previously issued in Kangaroo format, but changed its tactics in order to secure stronger demand from Australian banks.

  • By Nathan Collins
  • 22 Oct 2013

As the bonds were sold through RBC’s Sydney branch they are repo eligible, considered essential in drawing sizable demand from local banks. The bonds would not have been eligible for repo if sold in Kangaroo format.

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Bookrunners of Global Covered Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 10,366.35 53 6.17%
2 UniCredit 8,290.73 65 4.94%
3 BNP Paribas 7,574.73 35 4.51%
4 LBBW 7,401.08 42 4.41%
5 Commerzbank Group 7,314.58 47 4.35%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Morgan Stanley 88,272.27 369 6.95%
2 Bank of America Merrill Lynch 82,995.76 326 6.54%
3 Citi 82,424.25 487 6.49%
4 Goldman Sachs 77,417.62 435 6.10%
5 JPMorgan 74,578.61 357 5.88%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 70,640.47 376 10.97%
2 Bank of America Merrill Lynch 66,776.05 274 10.37%
3 Morgan Stanley 64,170.02 266 9.96%
4 JPMorgan 61,807.07 271 9.60%
5 Goldman Sachs 56,662.35 362 8.80%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 SG Corporate & Investment Banking 5,543.24 22 6.98%
2 LBBW 5,487.17 19 6.90%
3 BNP Paribas 4,946.20 16 6.22%
4 Credit Agricole CIB 4,748.11 18 5.97%
5 Commerzbank Group 4,389.40 18 5.52%

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
  • Today
1 Barclays 9,144.21 24 13.47%
2 HSBC 8,632.25 34 12.71%
3 BNP Paribas 4,721.16 25 6.95%
4 Citi 4,398.19 35 6.48%
5 Credit Suisse 4,219.22 21 6.21%