Shinhan settles for smaller bond after punchy pricing

Shinhan Bank launched a $350m 5.5 year deal flat to its curve on Tuesday, settling for a smaller deal that it had hoped — but managing, in exchange, to hit its aggressive price target.

  • 24 Jan 2013
The bookrunners priced a 1.875% January 2018 transaction at 127.5bp over Treasuries, which was either flat to where its $700m July 2017 deal was trading after the curve adjustment or well inside its curve, following big differences in fair value estimates between bankers that worked on the deal. ...

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Bookrunners of Global Covered Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 9,615.99 43 6.16%
2 UniCredit 7,570.25 62 4.85%
3 LBBW 7,095.33 39 4.54%
4 Commerzbank Group 6,961.50 44 4.46%
5 BNP Paribas 6,833.59 30 4.38%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Morgan Stanley 87,751.12 359 7.39%
2 Bank of America Merrill Lynch 77,372.46 295 6.51%
3 Goldman Sachs 74,944.59 398 6.31%
4 Citi 74,754.56 460 6.29%
5 JPMorgan 70,466.76 340 5.93%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Morgan Stanley 63,836.41 259 10.46%
2 Citi 63,521.73 352 10.41%
3 Bank of America Merrill Lynch 63,391.02 250 10.39%
4 JPMorgan 58,458.79 260 9.58%
5 Goldman Sachs 54,650.14 327 8.96%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 LBBW 5,487.17 19 7.34%
2 SG Corporate & Investment Banking 5,349.05 21 7.15%
3 BNP Paribas 4,566.36 14 6.10%
4 Credit Agricole CIB 4,553.92 17 6.09%
5 Commerzbank Group 4,242.73 17 5.67%

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 8,682.34 22 13.71%
2 HSBC 8,105.27 30 12.80%
3 BNP Paribas 4,343.93 23 6.86%
4 Credit Suisse 4,219.22 21 6.66%
5 Citi 4,059.10 33 6.41%