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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
  • 14 Apr 2015
1 Natixis 4,610.22 27 6.03%
2 HSBC 4,400.33 20 5.76%
3 RBC Capital Markets 4,234.43 11 5.54%
4 Barclays 4,137.75 20 5.42%
5 BNP Paribas 3,764.36 16 4.93%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 13 Apr 2015
1 JPMorgan 29,955.16 125 7.22%
2 Citi 27,804.30 135 6.70%
3 Morgan Stanley 25,142.28 95 6.06%
4 Deutsche Bank 24,467.71 103 5.89%
5 Goldman Sachs 23,686.75 110 5.71%

Bookrunners of Dollar Denominated Covered Bond Above $1bn

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 14 Apr 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
  • 14 Apr 2015
1 Deutsche Bank 12,714.95 38 5.25%
2 Goldman Sachs 9,242.39 23 3.82%
3 Credit Agricole CIB 8,032.50 14 3.32%
4 SG Corporate & Investment Banking 6,880.09 17 2.84%
5 BNP Paribas 6,577.01 19 2.72%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 14 Apr 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
  • 13 Apr 2015
1 Goldman Sachs 304.85 301 7.35%
2 JPMorgan 279.18 373 6.73%
3 Morgan Stanley 278.04 446 6.70%
4 Citi 253.32 423 6.10%
5 Bank of America Merrill Lynch 216.58 389 5.22%

Bookrunners of European Subordinated FIG

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 14 Apr 2015
1 Deutsche Bank 4,708.27 11 12.69%
2 Credit Agricole CIB 4,674.91 3 12.60%
3 UBS 4,406.20 4 11.87%
4 HSBC 2,970.48 6 8.00%
5 JPMorgan 2,730.43 13 7.36%