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BZ WBK launches $1.6bn re-IPO

Books were opened for a Z4.8bn-Z5.4bn ($1.5bn-$1.7bn) re-IPO of Bank Zachodni WBK on Monday with sellers KBC and Santander pressing ahead with the four-day sale that they hope is isolated from market volatility across Europe. The stock should be a must-have for Poland’s domestic pension funds and offers a discount to the main listed peers Pekao and PKO Bank Polski.

  • 18 Mar 2013

The deal comprises up to 21.36% of Poland’s third largest bank. KBC is selling its entire 16.17% stake (15.12m shares) and Santander is selling at least 0.21% (0.195m shares) to take the free-float to the minimum mandated 25%, and potentially another 5.19% (4.85m shares).

The Spanish bank has ...

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Bookrunners of Global Covered Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 27 Jan 2015
1 Barclays 2,565.40 11 0.00%
2 Commerzbank Group 2,262.31 10 0.00%
3 Natixis 2,091.88 11 0.00%
4 HSBC 1,707.40 7 0.00%
5 BNP Paribas 1,544.82 7 0.00%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 19 Jan 2015
1 JPMorgan 9,602.38 20 0.00%
2 Goldman Sachs 6,288.30 20 0.00%
3 Credit Agricole CIB 5,616.74 13 0.00%
4 Citi 5,074.12 23 0.00%
5 Deutsche Bank 4,268.16 18 0.00%

Bookrunners of Dollar Denominated Covered Bond Above $1bn

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 27 Jan 2015
1 Citi 1,499.34 5 21.48%
2 RBC Capital Markets 1,206.44 4 17.28%
3 TD Securities Inc 977.84 3 14.01%
4 HSBC 673.33 3 9.65%
4 Bank of America Merrill Lynch 673.33 3 9.65%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 27 Jan 2015
1 Goldman Sachs 5,728.66 11 12.30%
2 Credit Agricole CIB 4,878.36 9 10.47%
3 Deutsche Bank 3,610.59 10 7.75%
4 Citi 3,213.18 8 6.90%
5 SG Corporate & Investment Banking 3,065.13 6 6.58%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 27 Jan 2015
1 Commerzbank Group 1,626.04 6 9.91%
2 Natixis 1,565.96 7 9.54%
3 BNP Paribas 1,485.66 6 9.05%
4 HSBC 1,331.25 5 8.11%
5 Barclays 1,175.79 4 7.16%

Global FIG Revenue

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 26 Jan 2015
1 Goldman Sachs 93.39 58 9.42%
2 JPMorgan 82.19 75 8.29%
3 Morgan Stanley 62.51 76 6.30%
4 Barclays 50.95 73 5.14%
5 Citi 50.75 67 5.12%

Bookrunners of European Subordinated FIG

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 27 Jan 2015
1 Credit Agricole CIB 999.76 1 35.03%
2 Rabobank 375.00 1 13.14%
2 Morgan Stanley 375.00 1 13.14%
2 JPMorgan 375.00 1 13.14%
2 Credit Suisse 375.00 1 13.14%