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Why Goldman Sachs has delayed its sukuk

The continuing no-show of Goldman Sachs’s proposed sukuk programme has done little to dampen the rumour mill surrounding the issuer. The latest talk in the market suggests that the bank is taking its time to address concerns about the deal before returning to the Islamic market.

  • 16 Mar 2012
Islamic finance specialists view the proposed programme as a potential landmark. But while the endorsement of a high profile name like Goldman Sachs could encourage wider acceptance and provide a template for non-Islamic issuers to access a valuable new financing source, a failed deal could set back the ...

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Bookrunners of Global Covered Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 30 Jun 2015
1 Natixis 7,215.80 41 6.22%
2 RBC Capital Markets 6,452.35 20 5.56%
3 HSBC 6,359.64 32 5.48%
4 UBS 6,040.49 35 5.21%
5 BNP Paribas 5,931.63 25 5.12%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 29 Jun 2015
1 JPMorgan 53,618.81 232 7.24%
2 Citi 50,052.54 251 6.76%
3 Goldman Sachs 46,278.19 195 6.25%
4 Bank of America Merrill Lynch 45,644.75 191 6.17%
5 Morgan Stanley 42,981.75 190 5.81%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 30 Jun 2015
1 Deutsche Bank 14,358.03 48 7.96%
2 UBS 12,880.61 27 7.14%
3 Goldman Sachs 12,391.16 32 6.87%
4 Credit Agricole CIB 9,053.81 24 5.02%
5 BNP Paribas 8,893.47 28 4.93%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 30 Jun 2015
1 Natixis 4,491.06 21 8.32%
2 BNP Paribas 4,381.40 16 8.12%
3 HSBC 3,409.93 15 6.32%
4 Credit Agricole CIB 3,153.33 14 5.84%
5 Commerzbank Group 2,806.43 13 5.20%

Global FIG Revenue

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 29 Jun 2015
1 Goldman Sachs 574.23 518 7.29%
2 JPMorgan 513.94 776 6.53%
3 Citi 463.97 768 5.89%
4 Morgan Stanley 452.23 839 5.74%
5 Bank of America Merrill Lynch 436.45 734 5.54%

Bookrunners of European Subordinated FIG

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 30 Jun 2015
1 Deutsche Bank 5,643.62 17 11.20%
2 UBS 5,331.98 9 10.58%
3 HSBC 5,053.63 10 10.03%
4 Credit Agricole CIB 4,884.74 6 9.70%
5 BNP Paribas 3,486.09 11 6.92%