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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
  • 31 Mar 2015
1 Natixis 4,610.22 27 6.53%
2 Barclays 3,906.47 18 5.54%
3 HSBC 3,842.96 19 5.45%
4 RBC Capital Markets 3,800.40 10 5.38%
5 UBS 3,519.23 20 4.99%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 30 Mar 2015
1 JPMorgan 27,818.82 116 7.32%
2 Citi 25,446.46 117 6.69%
3 Morgan Stanley 24,071.50 84 6.33%
4 Deutsche Bank 23,054.48 92 6.06%
5 Goldman Sachs 22,635.45 100 5.95%

Bookrunners of Dollar Denominated Covered Bond Above $1bn

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 31 Mar 2015
1 RBC Capital Markets 920.18 2 29.77%
2 UBS 590.25 1 19.10%
2 Goldman Sachs 590.25 1 19.10%
4 Westpac 329.93 1 10.68%
4 Citi 329.93 1 10.68%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 31 Mar 2015
1 Deutsche Bank 12,533.82 37 5.71%
2 Goldman Sachs 9,057.34 23 4.13%
3 Credit Agricole CIB 7,905.50 14 3.60%
4 SG Corporate & Investment Banking 6,880.09 17 3.14%
5 BNP Paribas 5,940.69 16 2.71%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 31 Mar 2015
1 Natixis 3,450.53 17 9.22%
2 BNP Paribas 3,068.59 11 8.20%
3 HSBC 2,958.98 12 7.91%
4 Credit Agricole CIB 2,443.07 11 6.53%
5 Commerzbank Group 2,092.48 9 5.59%

Global FIG Revenue

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 30 Mar 2015
1 JPMorgan 265.05 336 7.24%
2 Goldman Sachs 263.19 258 7.19%
3 Morgan Stanley 253.54 376 6.93%
4 Citi 225.03 371 6.15%
5 Bank of America Merrill Lynch 182.57 338 4.99%

Bookrunners of European Subordinated FIG

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 31 Mar 2015
1 Credit Agricole CIB 4,674.91 3 14.34%
2 Deutsche Bank 4,494.09 10 13.78%
3 UBS 3,886.93 3 11.92%
4 HSBC 2,970.48 6 9.11%
5 BNP Paribas 2,253.28 6 6.91%