Banco Popolare offers investors premium on capital buyback

Italy’s Banco Popolare is offering investors a small premium to market value in a buyback of up to €600m of tier one and tier two capital instruments. The bank is targeting five lower tier two securities and four tier one bonds, and has said future calls on the securities would be made on an economic basis.

  • 17 May 2013

It will buy back up to €600m of the bonds at prices of between 40 and 86 for the tier ones and 90.75 and 105.25 for the tier twos.

Analysts at BNP Paribas said these prices offered a premium to market value of around four points for the tier ...

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Bookrunners of Global Covered Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 27 Sep 2016
1 UBS 10,781.29 65 6.14%
2 HSBC 10,181.15 55 5.80%
3 BNP Paribas 9,456.72 44 5.39%
4 Credit Agricole CIB 8,532.32 39 4.86%
5 Commerzbank Group 8,359.55 49 4.76%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 26 Sep 2016
1 JPMorgan 79,179.90 343 7.10%
2 Citi 68,169.73 397 6.11%
3 Morgan Stanley 62,488.64 285 5.60%
4 Goldman Sachs 60,633.80 315 5.44%
5 HSBC 60,235.91 255 5.40%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 27 Sep 2016
1 JPMorgan 62,253.52 249 11.08%
2 Citi 57,237.68 309 10.19%
3 Bank of America Merrill Lynch 48,802.48 255 8.69%
4 Morgan Stanley 45,833.82 218 8.16%
5 Goldman Sachs 42,967.95 245 7.65%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 27 Sep 2016
1 Credit Agricole CIB 7,372.24 27 7.88%
2 BNP Paribas 7,155.53 27 7.65%
3 UBS 6,612.03 23 7.07%
4 LBBW 5,491.10 21 5.87%
5 Commerzbank Group 5,432.06 23 5.81%

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
  • 27 Sep 2016
1 BNP Paribas 6,327.54 21 9.66%
2 HSBC 6,275.95 20 9.58%
3 UBS 6,221.18 24 9.49%
4 Barclays 5,430.32 15 8.29%
5 Citi 4,250.71 20 6.49%