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FIG

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
  • 20 Jan 2015
1 Barclays 2,221.48 9 10.19%
2 Commerzbank Group 1,949.79 9 8.94%
3 Natixis 1,705.53 9 7.82%
4 BNP Paribas 1,314.67 6 6.03%
5 HSBC 1,124.07 4 5.16%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 19 Jan 2015
1 JPMorgan 9,602.38 20 0.00%
2 Goldman Sachs 6,288.30 20 0.00%
3 Credit Agricole CIB 5,616.74 13 0.00%
4 Citi 5,074.12 23 0.00%
5 Deutsche Bank 4,268.16 18 0.00%

Bookrunners of Dollar Denominated Covered Bond Above $1bn

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 Citi 1,499.34 5 21.48%
2 RBC Capital Markets 1,206.44 4 17.28%
3 TD Securities Inc 977.84 3 14.01%
4 HSBC 673.33 3 9.65%
4 Bank of America Merrill Lynch 673.33 3 9.65%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Goldman Sachs 5,728.66 11 12.30%
2 Credit Agricole CIB 4,878.36 9 10.47%
3 Deutsche Bank 3,610.59 10 7.75%
4 Citi 3,213.18 8 6.90%
5 SG Corporate & Investment Banking 3,065.13 6 6.58%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 20 Jan 2015
1 BNP Paribas 1,255.52 5 9.69%
2 Natixis 1,179.60 5 9.10%
3 Commerzbank Group 1,165.73 4 8.99%
4 Barclays 954.90 3 7.37%
5 HSBC 870.95 3 6.72%

Global FIG Revenue

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Goldman Sachs 93.39 58 9.42%
2 JPMorgan 82.19 75 8.29%
3 Morgan Stanley 62.51 76 6.30%
4 Barclays 50.95 73 5.14%
5 Citi 50.75 67 5.12%

Bookrunners of European Subordinated FIG

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 20 Jan 2015
1 Credit Agricole CIB 999.76 1 39.99%
2 Rabobank 375.00 1 15.00%
2 Morgan Stanley 375.00 1 15.00%
2 JPMorgan 375.00 1 15.00%
2 Credit Suisse 375.00 1 15.00%