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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
  • 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
  • 20 Jan 2015
1 Citi 1,499.34 5 10.74%
2 RBC Capital Markets 1,206.44 4 8.64%
3 TD Securities Inc 977.84 3 7.00%
4 HSBC 673.33 3 4.82%
4 Bank of America Merrill Lynch 673.33 3 4.82%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 20 Jan 2015
1 Goldman Sachs 6,244.99 12 13.72%
2 Credit Agricole CIB 5,277.53 9 11.59%
3 Deutsche Bank 3,256.30 9 7.15%
4 SG Corporate & Investment Banking 3,065.13 6 6.73%
5 BNP Paribas 2,683.59 4 5.90%

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
  • 19 Jan 2015
1 JPMorgan 56.40 54 7.81%
2 Barclays 44.41 61 6.15%
3 Deutsche Bank 42.65 62 5.90%
4 Citi 41.83 48 5.79%
5 Goldman Sachs 40.33 44 5.58%

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%