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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
  • Today
1 Natixis 9,907.30 37 7.74%
2 UniCredit 9,066.47 60 7.08%
3 BNP Paribas 8,377.17 32 6.54%
4 UBS 7,489.08 42 5.85%
5 Barclays 6,139.46 23 4.79%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 28 Jul 2014
1 Bank of America Merrill Lynch 64,930.13 231 7.34%
2 JPMorgan 64,603.76 244 7.31%
3 Goldman Sachs 62,259.93 255 7.04%
4 Deutsche Bank 56,939.45 196 6.44%
5 Morgan Stanley 52,647.04 268 5.95%

Bookrunners of Dollar Denominated Covered Bond Above $1bn

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 Citi 483.40 2 22.09%
2 Westpac 254.80 1 11.64%
2 JPMorgan 254.80 1 11.64%
2 HSBC 254.80 1 11.64%
2 Bank of America Merrill Lynch 254.80 1 11.64%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Deutsche Bank 22,197.56 61 8.58%
2 Goldman Sachs 17,515.77 53 6.77%
3 BNP Paribas 16,598.99 45 6.41%
4 Barclays 16,221.71 58 6.27%
5 Bank of America Merrill Lynch 14,216.02 38 5.49%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 6,943.48 22 9.06%
2 Natixis 6,420.33 21 8.37%
3 UniCredit 4,995.61 18 6.52%
4 Barclays 4,897.53 15 6.39%
5 Commerzbank Group 4,070.18 14 5.31%

Global FIG Revenue

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 873.94 909 8.84%
2 Goldman Sachs 676.30 686 6.84%
3 Bank of America Merrill Lynch 650.84 840 6.58%
4 Deutsche Bank 609.44 830 6.16%
5 Citi 594.18 832 6.01%

Bookrunners of European Subordinated FIG

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 Deutsche Bank 6,545.83 18 9.72%
2 HSBC 5,264.71 15 7.82%
3 UBS 5,026.99 15 7.46%
4 Bank of America Merrill Lynch 4,546.83 16 6.75%
5 BNP Paribas 3,745.87 13 5.56%
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