Nordea breaks Asian trend, targets US accounts with tier two

Nordea joined the run of banks issuing tier two on Monday, but veered away from the trend to target Asian retail accounts, instead selling the deal to US investors.

  • 18 Sep 2012

Lead managers Bank of America Merrill Lynch, Citi, Goldman Sachs and JP Morgan sold the $1bn bond to yield 250bp over US Treasuries. Investors placed around $3bn of orders for the Reg S/144A issue.

The deal makes Nordea the fifth European lender to issue tier two paper this ...

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Bookrunners of Global Covered Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 21 Mar 2017
1 Commerzbank Group 3,864.49 23 6.68%
2 HSBC 3,662.21 15 6.33%
3 SG Corporate & Investment Banking 3,300.60 13 5.70%
4 LBBW 3,189.28 14 5.51%
5 Credit Agricole CIB 3,100.02 15 5.36%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 20 Mar 2017
1 Morgan Stanley 29,052.08 101 7.24%
2 Goldman Sachs 27,997.52 114 6.98%
3 Bank of America Merrill Lynch 26,257.54 82 6.54%
4 JPMorgan 23,062.78 103 5.75%
5 Citi 20,877.50 122 5.20%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 21 Mar 2017
1 Goldman Sachs 22,807.51 94
2 Morgan Stanley 21,009.07 69
3 JPMorgan 19,370.83 76
4 Bank of America Merrill Lynch 19,244.14 67
5 Citi 18,801.67 99

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 21 Mar 2017
1 SG Corporate & Investment Banking 3,168.16 12 9.93%
2 LBBW 2,629.03 9 8.24%
3 Commerzbank Group 2,493.64 9 7.82%
4 Credit Agricole CIB 2,163.80 9 6.78%
5 HSBC 1,941.46 7 6.09%

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
  • 07 Mar 2017
1 Credit Suisse 2,433.39 7 13.20%
2 Barclays 1,997.28 4 10.83%
3 Bank of America Merrill Lynch 1,499.19 8 8.13%
4 JPMorgan 1,236.52 7 6.71%
5 HSBC 1,216.99 8 6.60%