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Eurozone banks tipped for unsecured boost from US funds

US prime money market fund exposure to unsecured eurozone bank debt could be set to build on gains made over the last three months as managers move away from lower yielding repo, analysts have said.

  • 11 Feb 2013

US funds increased their allocations to eurozone banks over the last few months, having reduced their exposures significantly during 2011 as the eurozone debt crisis intensified.

There are now signs that the increased exposure is being weighted in favour of unsecured commercial paper, rather than secured repo, according to ...

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Bookrunners of Global Covered Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 19 May 2015
1 Natixis 6,180.93 35 6.43%
2 RBC Capital Markets 4,916.76 15 5.11%
3 HSBC 4,852.24 24 5.05%
4 UBS 4,617.92 28 4.80%
5 BNP Paribas 4,556.32 20 4.74%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 May 2015
1 Citi 38,721.93 186 7.11%
2 JPMorgan 36,580.85 154 6.71%
3 Bank of America Merrill Lynch 34,921.86 142 6.41%
4 Goldman Sachs 32,039.84 148 5.88%
5 Morgan Stanley 31,965.79 134 5.87%

Bookrunners of Dollar Denominated Covered Bond Above $1bn

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 19 May 2015
1 RBC Capital Markets 920.18 2 22.49%
2 UBS 790.63 2 19.32%
3 Goldman Sachs 590.25 1 14.42%
4 Citi 530.31 2 12.96%
4 Barclays 530.31 2 12.96%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 19 May 2015
1 Deutsche Bank 13,090.05 40 4.67%
2 UBS 9,982.70 20 3.56%
3 Goldman Sachs 9,428.53 25 3.36%
4 Credit Agricole CIB 8,545.72 19 3.05%
5 SG Corporate & Investment Banking 7,347.84 20 2.62%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 19 May 2015
1 Natixis 3,875.87 19 8.31%
2 BNP Paribas 3,752.74 14 8.04%
3 BBVA 3,421.08 6 7.33%
4 HSBC 3,025.71 13 6.48%
5 Credit Agricole CIB 2,654.35 12 5.69%

Global FIG Revenue

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 04 May 2015
1 Goldman Sachs 411.48 346 7.92%
2 JPMorgan 366.06 449 7.05%
3 Morgan Stanley 321.36 540 6.19%
4 Citi 312.21 512 6.01%
5 Bank of America Merrill Lynch 267.26 463 5.15%

Bookrunners of European Subordinated FIG

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 19 May 2015
1 Deutsche Bank 4,833.30 12 12.55%
2 Credit Agricole CIB 4,774.91 4 12.39%
3 UBS 4,406.20 4 11.44%
4 HSBC 2,970.48 6 7.71%
5 JPMorgan 2,730.43 13 7.09%