Intesa puzzles market with €1.5bn senior return

After three months without issuance from a peripheral European borrower, Italy’s Intesa Sanpaolo lit up the senior unsecured market this week with a €1.5bn print that was almost twice oversubscribed. But the deal split opinion as to whether it was an example of muscle flexing or a costly piece of braggadocio.

  • 03 Feb 2012

While some questioned its motives for bringing an 18 month fixed rate deal at a time when the ECB is providing cheap three year funding, the bank said the deal was a show of strength for the benefit of investors and rating agencies.

The deal followed a controversial report ...

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Bookrunners of Global Covered Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 Apr 2017
1 HSBC 4,946.45 21 6.58%
2 Commerzbank Group 4,025.24 24 5.36%
3 UniCredit 3,981.56 30 5.30%
4 SG Corporate & Investment Banking 3,839.27 16 5.11%
5 LBBW 3,832.35 17 5.10%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 03 Apr 2017
1 Goldman Sachs 35,449.67 139 7.74%
2 Morgan Stanley 34,987.32 115 7.64%
3 Bank of America Merrill Lynch 28,660.24 106 6.26%
4 JPMorgan 26,590.60 127 5.80%
5 Citi 25,441.59 152 5.55%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 11 Apr 2017
1 Morgan Stanley 28,331.16 93 10.52%
2 Goldman Sachs 27,492.42 121 10.21%
3 Bank of America Merrill Lynch 23,356.59 95 8.67%
4 Citi 23,275.99 129 8.64%
5 JPMorgan 22,925.88 99 8.51%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 Apr 2017
1 SG Corporate & Investment Banking 3,598.86 14 9.07%
2 LBBW 3,164.12 11 7.98%
3 BNP Paribas 2,664.21 9 6.72%
4 Commerzbank Group 2,654.38 10 6.69%
5 Credit Agricole CIB 2,428.94 10 6.12%

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
  • 11 Apr 2017
1 Credit Suisse 3,180.28 13 10.15%
2 BNP Paribas 2,841.61 13 9.07%
3 Barclays 2,669.79 10 8.52%
4 Citi 2,294.04 17 7.32%
5 HSBC 2,141.36 16 6.83%