Tightening levels threat to bank EMTN volumes

Euro medium term note volumes could be depressed in the early part of the year if spreads continue to tighten, dealers warned on Wednesday.

  • 09 Jan 2013

Bank issuance of privately placed EMTNs has been healthy so far in 2013 as issuers have looked to lock in low funding costs. But the positive start could come to an end if prices drop further.

“Levels are tightening aggressively — maybe too far,” said an EMTN dealer in ...

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Bookrunners of Global Covered Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 9,047.01 40 6.07%
2 UniCredit 7,481.13 60 5.02%
3 Commerzbank Group 6,931.49 43 4.65%
4 BNP Paribas 6,833.59 30 4.58%
5 LBBW 6,443.14 35 4.32%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Morgan Stanley 85,620.51 342 7.43%
2 Bank of America Merrill Lynch 76,178.35 284 6.61%
3 Citi 73,677.02 443 6.39%
4 Goldman Sachs 71,002.60 390 6.16%
5 JPMorgan 69,036.78 332 5.99%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 63,091.19 343 10.49%
2 Morgan Stanley 62,364.05 246 10.37%
3 Bank of America Merrill Lynch 62,346.53 240 10.36%
4 JPMorgan 57,293.47 256 9.52%
5 Goldman Sachs 54,069.13 322 8.99%

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 5,112.50 20 7.18%
2 LBBW 5,014.64 17 7.04%
3 BNP Paribas 4,566.36 14 6.41%
4 Credit Agricole CIB 4,553.92 17 6.39%
5 Commerzbank Group 4,242.73 17 5.95%

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 8,483.95 21 13.67%
2 HSBC 8,067.77 29 13.00%
3 BNP Paribas 4,145.54 22 6.68%
4 Credit Suisse 4,020.83 20 6.48%
5 Citi 3,992.43 32 6.43%