Deals of the year by category

  • 17 Dec 2012
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SOVEREIGNS, SUPRANATIONALS AND AGENCIES

US DOLLAR SOVEREIGN

1 Kingdom of Sweden

$2.25bn 0.375% May 2015

Barclays, Credit Suisse, Goldman Sachs


2 Bank of England

$2bn 0.5% March 2015

Bank of America Merrill Lynch, Goldman Sachs, HSBC, Morgan Stanley


3 Canada

$3bn 0.875% February 2017

Bank of America Merrill Lynch, Deutsche Bank, HSBC, RBC Capital Markets

 

US DOLLAR SUPRANATIONAL/AGENCY

1 FMS Wertmanagement

$2bn 1% November 2017

Citi, Deutsche Bank, Goldman Sachs, HSBC


2 World Bank

$5bn 0.875% April 2017

Barclays, Citi, Deutsche Bank, UBS


3 Asian Development Bank

$3bn 1.125% March 2017

Goldman Sachs, JP Morgan, Morgan Stanley, RBC Capital Markets

 

EURO SOVEREIGN

1 Kingdom of Spain

€4bn 5.85% January 2022

Barclays, BBVA, Deutsche Bank, Goldman Sachs, Santander, Société Générale


2 Republic of Finland

€4bn 1.625% September 2022

Crédit Agricole, Credit Suisse, Danske Bank, Deutsche Bank, JP Morgan


3 Republic of Austria

€3bn 3.4% November 2022

€2bn 3.8% January 2062

Deutsche Bank, Goldman Sachs, HSBC, Morgan Stanley, Raiffeisen Bank International

 

EURO SUPRANATIONAL/AGENCY

1 European Financial Stability Facility (EFSF)

€6bn 1.625% September 2017

Crédit Agricole, Morgan Stanley, UniCredit



2 KfW

€5bn 1.25% October 2019

Credit Suisse, Deutsche Bank, JP Morgan


3 = European Union

€3bn 3.75% April 2042

Barclays, BNP Paribas, Deutsche Bank, Goldman Sachs


3 = Cades

€4bn 4% December 2025

BNP Paribas, HSBC, Natixis, Société Générale

STERLING SOVEREIGN/SUPRANATIONAL/AGENCY

1 Network Rail

£1.5bn 1.25% January 2015

Deutsche Bank, HSBC, Royal Bank of Scotland, UBS


2 United Kingdom

£4bn 0.375% UKTi March 2062

Barclays Capital, Credit Suisse, HSBC, UBS


3 World Bank

£800m 0.875% December 2014

Barclays, Deutsche Bank, RBC Capital Markets

 

SUB-SOVEREIGN/MUNICIPAL

1 Province of British Columbia

$1.25bn 2% October 2022

CIBC, HSBC, National Bank Financial, Scotiabank


2 Province of Ontario

$3.5bn 0.95% May 2015

CIBC, Citi, Deutsche Bank, Morgan Stanley


3 Autonomous Community of Madrid

€665m March 2015

Bankia, BBVA, Barclays, Crédit Agricole, La Caixa

 

COMPANIES AND BANKS

US DOLLAR INVESTMENT GRADE CORPORATE

1 AbbVie

$500m FRN November 2015

$3.5bn 1.2% November 2015

$4bn 1.75% November 2017

$1bn 2% November 2018

$3.1bn 2.9% November 2022

$2.6bn 4.4% November 2042

BNP Paribas, Bank of America Merrill Lynch, Barclays, Deutsche Bank, JP Morgan, Morgan Stanley, RBS, Société Générale


2 Xstrata Finance (Canada) Ltd

$1.25bn 1.8% October 2015

$1.75bn 2.45% October 2017

$1bn 4% October 2022

$500m 5.3% October 2042

Barclays, JP Morgan, Mizuho, RBC Capital
Markets, Royal Bank of Scotland, Scotiabank


3 IBM

$1bn 1.875% August 2022

BNP Paribas, Citi, Deutsche Bank, UBS

 

EURO INVESTMENT GRADE CORPORATE

1 Heineken

€1bn 2.125% August 2020

€750m 2.875% August 2025

Citi, Credit Suisse, ING


2 BHP Billiton

€1.25bn 2.25% September 2020

€650m 3.25% September 2027

BBVA, Crédit Agricole, ING, JP Morgan, Société Générale, UniCredit


3 Anheuser-Busch InBev

€750m 1.25% March 2017

€750m 2% December 2017

BNP Paribas, Deutsche Bank, ING, Santander

 

STERLING INVESTMENT GRADE CORPORATE

1 Siemens

£350m 2.75% September 2025

£650m 3.75% September 2042

Barclays, BNP Paribas, Deutsche Bank, UBS


2 University of Cambridge

£350m 3.75% October 2052

HSBC, Morgan Stanley, Royal Bank of Scotland


3 PepsiCo

£500m 2.5% November 2022

Deutsche Bank, HSBC, UBS

 

US DOLLAR HIGH YIELD CORPORATE

1 Sappi Papier Holding

$400m 7.75% January 2017

$300m 8.375% January 2019

Crédit Agricole, Citi, Erste Bank, JP Morgan, Royal Bank of Scotland, Standard Chartered Bank, UniCredit


2 Schaeffler Finance

$600m 7.75% February 2017

$500m 8.5% February 2019

BNP Paribas, Commerzbank, Deutsche Bank, HSBC, JP Morgan, LBBW, Royal Bank of Scotland, UniCredit


3 Continental Rubber

$950m 4.5% September 2019

Bank of America Merrill Lynch, Crédit Agricole, Deutsche Bank, HSBC, JP Morgan, Royal Bank of Scotland

 

EUROPEAN CURRENCY HIGH YIELD CORPORATE

1 Schaeffler Finance

€800m 7.75% February 2017

€400m 8.75% February 2019

BNP Paribas, Commerzbank, Deutsche Bank, HSBC, JP Morgan, LBBW, Royal Bank of Scotland, UniCredit


2 Jaguar Land Rover

£500m 8.25% January 2020

Citi, Credit Suisse, JP Morgan, Morgan Stanley, Standard Chartered Bank


3 Techem

€401m 6.125% October 2019

€325m 7.875% October 2020

Commerzbank, Crédit Agricole, Deutsche Bank, JP Morgan, Royal Bank of Scotland, UniCredit

 

CORPORATE HYBRID

1 BG Energy

€500m 6.5% November 2027 (non-call 2017)

£600m 6.5% November 2072 (non-call 2017)

$500m 6.5% November 2027 (non-call 2017)

BNP Paribas, Barclays, Deutsche Bank, Royal Bank of Scotland


2 Louis Dreyfus Commodities

$350m 8.25% Perpetual (non-call September 2017)

Citi, Credit Suisse, HSBC


3 SSE

€750m 5.625% Perpetual (non-call October 2017)

$700m 5.625% Perpetual (non-call October 2017)

Bank of America Merrill Lynch, Barclays, BNP Paribas, Credit Suisse, Morgan Stanley

 

CORPORATE LIABILITY MANAGEMENT

1 Telecom Italia

€777m 2013/14 (Waterfall tender offer)

Bank of America Merrill Lynch, BNP Paribas, Citi


2 = Iberdrola

€904m (capped) out of €2.4bn 2013/2014 (intermediated exchange)

Barclays, BBVA, Crédit Agricole


2 = Veolia Environnement

€3.6bn tender - €750m tendered - €750m new issue 4.625% March 2027

Crédit Agricole, HSBC, Natixis, Société Générale

 

US DOLLAR SENIOR FINANCIAL INSTITUTION

1 Rabobank

$3bn 3.875% February 2022

Bank of America Merrill Lynch, Credit Suisse, Goldman Sachs


2 BBVA

$2bn 4.664% October 2015

Bank of America Merrill Lynch, Morgan Stanley


3 Nordea

$1bn 2.25% March 2015

$1.75bn 3.125% March 2017

Bank of America Merrill Lynch, Citi, Goldman Sachs, JP Morgan

 

US DOLLAR SUBORDINATED FINANCIAL INSTITUTION

1 Barclays Bank plc

Tier two capital

$3bn 7.625% November 2022

Barclays, Citi, Credit Suisse, Deutsche Bank, Morgan Stanley



2 Danske Bank

Tier two capital

$1bn 7.125% September 2037 (non-call 2017)

BNP Paribas, Danske Bank, HSBC, Morgan Stanley, UBS


3 UBS

Tier two capital

$2bn 7.25% February 2022 (non-call 2017)

BNP Paribas, Commerzbank, Deutsche Bank, Société Générale, UBS

 

EUROPEAN CURRENCY SENIOR FINANCIAL INSTITUTION

1 Banco Espirito Santo

€750m 5.875% November 2015

Espirito Santo Investimento, JP Morgan, Morgan Stanley, UBS


2 Nordea Bank

€1.25bn 2.25% October 2017

€1bn 3.25% July 2022

Citi, Credit Suisse, Goldman Sachs, Natixis, Nordea Markets


3 Lloyds TSB Bank

€1.5bn 4.625% February 2017

BNP Paribas, Deutsche Bank, JP Morgan, Lloyds Bank

 

EUROPEAN CURRENCY SUBORDINATED FINANCIAL INSTITUTION

1 Rabobank Nederland

Tier two capital

€1bn 4.125% September 2022

Bank of America Merrill Lynch, Credit Suisse, Morgan Stanley, Rabobank

£500m 5.25% September 2027

HSBC, Morgan Stanley, Nomura, Rabobank


2 Munich Re

Hybrid capital

€900m 6.25% May 2042 (non-call 10)

Bank of America Merrill Lynch, Deutsche Bank, JP Morgan

£450m 6.625% May 2042 (non-call 10)

Bank of America Merrill Lynch, Barclays, HSBC,


3 Nordea Bank

Tier two capital

€750m 4.625% February 2022 (non-call 5)

Bank of America Merrill Lynch, Credit Suisse, Goldman Sachs, JP Morgan, Nordea Markets

 

FINANCIAL INSTITUTION LIABILITY MANAGEMENT

1 Lloyds TSB

£4.9bn senior cash tender (July)

Deutsche Bank, Lloyds Bank


2 Commerzbank

€965m tier one, tier two to equity exchange (February)

Citi, Commerzbank, Goldman Sachs, HSBC


3 Intesa Sanpaolo

€1.8bn tier two to senior exchange (November)

Banca IMI, Bank of America Merrill Lynch, Deutsche Bank, Natixis, UBS

 

CURRENCIES

STERLING

1 BHP Billiton Finance

£750m 3.25% September 2024

£1bn 4.3% September 2042

JP Morgan, Lloyds, Santander, UBS


2 AT&T

£1.25bn 4.875% June 2044

Deutsche Bank, Morgan Stanley, RBS, UBS


3 European Investment Bank

£600m 3.875% June 2037

HSBC, RBS

 

YEN

1 Republic of Poland

¥56bn 1.05% November 2017

¥10bn 2.5% November 2027

Nomura, SMBC


2 Mitsubishi UFJ Lease & Finance

¥30bn 0.28% May 2014

¥10bn 0.487% May 2017

BNP Paribas, Citi, Daiwa, JP Morgan, Morgan Stanley, Royal Bank of Scotland, Tokai


3 United Mexican States

¥50bn 1.29% June 2015

¥30bn 1.56% June 2017

Citi, Morgan Stanley, Nomura, SMBC

 

SWISS FRANCS

1 Roche Capital Markets

Sfr400m FRN September 2013

Sfr600m 1% September 2018

Sfr500m 1.625% September 2022

Credit Suisse, UBS


2 Zürcher Kantonalbank

Tier one capital

Sfr590m 3.5% Perpetual (non-call June 2017)

UBS, Zürcher Kantonalbank


3 = Fiat Finance & Trade

Sfr425m 5% September 2015

UBS


3 = VTB Bank

Sfr600m 3.15% December 2016

BNP Paribas, Credit Suisse

 

DOLLAR BLOC

AUSTRALIAN/NEW ZEALAND DOLLARS

1 Asian Development Bank

A$900m 3.5% July 2017

Deutsche Bank, TD Securities, Westpac


2 World Bank

A$700m 4.5% March 2017

A$350m 5% March 2022

ANZ, TD Securities, Westpac


3 BHP Billiton Finance

A$1bn 3.75% October 2017

ANZ, Commonwealth Bank of Australia

 

CANADIAN DOLLARS

1 Canada Housing Trust

C$5bn 2.05% June 2017

Bank of America Merrill Lynch, BMO Capital Markets, RBC Capital Markets, TD Securities

C$5bn 2.05% June 2017

CIBC World Markets, National Bank Financial, RBC Capital Markets, Scotiabank


2 Great Canadian Gaming Corp

C$450m 6.625% July 2022

HSBC, Scotiabank


3 National Grid Electricity Transmission

C$750m 2.73% September 2017

RBC Capital Markets, TD Securities

 

NORDIC CURRENCIES

1 Linde

Nkr2bn 2.75% September 2017

Deutsche Bank, TD Securities


2 Nestlé Holdings

Nkr3bn 2.5% July 2017

Deutsche Bank, TD Securities


3 Daimler International Finance

Nkr1.25bn 3% May 2015

Danske Bank

 

EMERGING CURRENCIES

1 Gazprombank

Rb15bn 8.617% December 2015

Barclays, Citi, HSBC, Gazprombank


2 Russian Agricultural Bank

Rb10bn 8.625% February 2017

Citi

Rb10bn 8.625% February 2017 (tap)

Citi, Deutsche Bank


3 World Bank

Ps120bn 4% August 2014

TD Securities

 

WORST DEVELOPED MARKET DEALS

1 European Financial Stability Fund (EFSF)

€3bn 2.25% September 2022

Citi, HSBC, JP Morgan, UBS


2 Banco Monte dei Paschi di Siena

€500m 4.875% September 2014

Citi, Monte dei Paschi, Morgan Stanley, Natixis


3 Total Capital International

€500m 2.125% March 2023

BNP Paribas, Deutsche Bank, JP Morgan

  • 17 Dec 2012

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 13 Mar 2017
1 JPMorgan 94,925.33 384 8.39%
2 Citi 87,531.58 331 7.74%
3 Bank of America Merrill Lynch 84,341.49 288 7.46%
4 Barclays 75,288.19 241 6.66%
5 Goldman Sachs 68,504.71 208 6.06%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 14 Mar 2017
1 Bank of America Merrill Lynch 10,650.87 23 11.13%
2 Deutsche Bank 8,169.49 17 8.53%
3 HSBC 6,243.46 23 6.52%
4 Citi 4,355.35 13 4.55%
5 SG Corporate & Investment Banking 4,273.37 17 4.46%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 6,305.34 22 10.84%
2 Deutsche Bank 4,468.97 23 7.68%
3 UBS 4,270.64 20 7.34%
4 Citi 3,833.33 28 6.59%
5 Goldman Sachs 3,788.75 20 6.51%