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FIG

Nordea demand opens door to tier two renaissance

More dated sub debt deals are on their way, said bankers, after the success of Nordea’s lower tier two issue this week. Some 350 accounts placed more than €4bn of orders for the Swedish bank’s lower tier two bond issue, the first in euros since May 2011.

  • 03 Feb 2012
While the whopping demand was partly due to Nordea’s strong standing in the context of European FIG borrowers, it was also a reflection of the scarce tier two supply over the past year. Raiffeisen Bank International was the last bank to sell a tier two bond in euros, ...

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Bookrunners of Global Covered Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 19 May 2015
1 Natixis 6,180.93 35 6.43%
2 RBC Capital Markets 4,916.76 15 5.11%
3 HSBC 4,852.24 24 5.05%
4 UBS 4,617.92 28 4.80%
5 BNP Paribas 4,556.32 20 4.74%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 136,360.60 563 6.70%
2 Bank of America Merrill Lynch 134,658.52 524 6.61%
3 Citi 127,772.77 634 6.27%
4 Goldman Sachs 126,844.13 548 6.23%
5 Morgan Stanley 120,121.44 599 5.90%

Bookrunners of Dollar Denominated Covered Bond Above $1bn

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 19 May 2015
1 RBC Capital Markets 920.18 2 22.49%
2 UBS 790.63 2 19.32%
3 Goldman Sachs 590.25 1 14.42%
4 Citi 530.31 2 12.96%
4 Barclays 530.31 2 12.96%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 19 May 2015
1 Deutsche Bank 13,090.05 40 4.67%
2 UBS 9,982.70 20 3.56%
3 Goldman Sachs 9,428.53 25 3.36%
4 Credit Agricole CIB 8,545.72 19 3.05%
5 SG Corporate & Investment Banking 7,347.84 20 2.62%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 19 May 2015
1 Natixis 3,875.87 19 8.31%
2 BNP Paribas 3,752.74 14 8.04%
3 BBVA 3,421.08 6 7.33%
4 HSBC 3,025.71 13 6.48%
5 Credit Agricole CIB 2,654.35 12 5.69%

Global FIG Revenue

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 04 May 2015
1 Goldman Sachs 411.48 346 7.92%
2 JPMorgan 366.06 449 7.05%
3 Morgan Stanley 321.36 540 6.19%
4 Citi 312.21 512 6.01%
5 Bank of America Merrill Lynch 267.26 463 5.15%

Bookrunners of European Subordinated FIG

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 19 May 2015
1 Deutsche Bank 4,833.30 12 12.55%
2 Credit Agricole CIB 4,774.91 4 12.39%
3 UBS 4,406.20 4 11.44%
4 HSBC 2,970.48 6 7.71%
5 JPMorgan 2,730.43 13 7.09%