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
  • 26 Jul 2016
1 HSBC 9,097.35 50 2.97%
2 UBS 9,075.57 52 2.96%
3 Credit Agricole CIB 8,176.21 37 2.67%
4 Landesbank Baden-Wuerttemberg - LBBW 7,963.90 45 2.60%
5 Commerzbank Group 7,644.36 44 2.49%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 25 Jul 2016
1 JPMorgan 57,241.61 243 6.71%
2 Citi 51,142.49 279 6.00%
3 Goldman Sachs 50,623.07 232 5.94%
4 Morgan Stanley 47,985.75 206 5.63%
5 HSBC 46,813.97 197 5.49%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 26 Jul 2016
1 JPMorgan 45,037.97 168 10.75%
2 Citi 41,789.37 210 9.98%
3 Bank of America Merrill Lynch 39,178.97 184 9.35%
4 Wells Fargo Securities 35,649.15 155 8.51%
5 Morgan Stanley 35,078.35 155 8.38%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 26 Jul 2016
1 Credit Agricole CIB 7,016.13 25 8.37%
2 UBS 5,981.15 20 7.13%
3 BNP Paribas 5,603.49 21 6.68%
4 Landesbank Baden-Wuerttemberg - LBBW 5,485.15 21 6.54%
5 Commerzbank Group 4,873.19 20 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
  • 26 Jul 2016
1 HSBC 5,625.84 17 12.59%
2 BNP Paribas 5,033.74 15 11.26%
3 UBS 3,892.79 17 8.71%
4 Barclays 2,454.68 7 5.49%
5 Goldman Sachs 2,453.63 14 5.49%