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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
  • 30 Sep 2014
1 BNP Paribas 11,290.05 40 6.90%
2 Natixis 10,937.59 42 6.69%
3 UniCredit 10,926.69 78 6.68%
4 HSBC 8,501.70 39 5.20%
5 Commerzbank Group 8,157.44 37 4.99%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 29 Sep 2014
1 Bank of America Merrill Lynch 83,883.16 293 7.35%
2 JPMorgan 78,140.03 319 6.85%
3 Goldman Sachs 73,299.65 305 6.42%
4 Deutsche Bank 70,049.78 253 6.14%
5 Morgan Stanley 67,629.03 334 5.93%

Bookrunners of Dollar Denominated Covered Bond Above $1bn

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 30 Sep 2014
1 Citi 1,499.34 5 0.00%
2 RBC Capital Markets 1,206.44 4 0.00%
3 TD Securities Inc 977.84 3 0.00%
4 HSBC 673.33 3 0.00%
4 Bank of America Merrill Lynch 673.33 3 0.00%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 30 Sep 2014
1 Deutsche Bank 29,014.95 77 4.59%
2 Goldman Sachs 20,512.35 61 3.24%
3 BNP Paribas 19,260.40 56 3.05%
4 Bank of America Merrill Lynch 17,618.84 45 2.79%
5 Barclays 17,595.94 67 2.78%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 30 Sep 2014
1 BNP Paribas 8,089.51 26 8.92%
2 Natixis 7,165.28 23 7.90%
3 UniCredit 6,347.32 23 7.00%
4 Commerzbank Group 5,530.05 18 6.10%
5 Barclays 4,897.53 15 5.40%

Global FIG Revenue

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 22 Sep 2014
1 JPMorgan 1,015.47 1105 8.40%
2 Bank of America Merrill Lynch 792.11 1022 6.56%
3 Goldman Sachs 786.98 831 6.51%
4 Deutsche Bank 734.85 1038 6.08%
5 Citi 723.95 1033 5.99%

Bookrunners of European Subordinated FIG

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 30 Sep 2014
1 HSBC 10,296.50 19 12.29%
2 Deutsche Bank 7,195.83 21 8.59%
3 UBS 6,207.03 20 7.41%
4 Bank of America Merrill Lynch 5,371.83 21 6.41%
5 SG Corporate & Investment Banking 4,804.40 16 5.74%