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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
  • 24 Feb 2015
1 Barclays 3,248.30 16 7.64%
2 Natixis 2,824.44 16 6.64%
3 HSBC 2,641.21 12 6.21%
4 BNP Paribas 2,476.22 11 5.82%
5 Commerzbank Group 2,430.29 11 5.72%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 23 Feb 2015
1 JPMorgan 113,682.66 452 0.00%
2 Bank of America Merrill Lynch 106,794.81 409 0.00%
3 Citi 104,403.84 493 0.00%
4 Goldman Sachs 102,392.18 436 0.00%
5 Morgan Stanley 101,320.07 493 0.00%

Bookrunners of Dollar Denominated Covered Bond Above $1bn

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 24 Feb 2015
1 UBS 590.25 1 0.00%
1 RBC Capital Markets 590.25 1 0.00%
1 Goldman Sachs 590.25 1 0.00%
1 UBS 590.25 1 33.33%
1 RBC Capital Markets 590.25 1 33.33%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 24 Feb 2015
1 Deutsche Bank 7,287.46 20 5.30%
2 Goldman Sachs 6,804.09 15 4.95%
3 SG Corporate & Investment Banking 5,814.67 13 4.23%
4 Credit Agricole CIB 5,201.56 11 3.78%
5 BNP Paribas 4,800.11 8 3.49%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 24 Feb 2015
1 BNP Paribas 2,218.30 8 9.58%
2 HSBC 2,002.50 8 8.65%
3 Natixis 1,960.01 9 8.47%
4 Commerzbank Group 1,794.02 7 7.75%
5 Barclays 1,567.50 6 6.77%

Global FIG Revenue

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 23 Feb 2015
1 Goldman Sachs 169.10 128 8.53%
2 JPMorgan 154.30 161 7.78%
3 Morgan Stanley 142.54 189 7.19%
4 Citi 107.57 157 5.43%
5 UBS 98.97 90 4.99%

Bookrunners of European Subordinated FIG

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 24 Feb 2015
1 UBS 3,578.91 2 23.03%
2 Deutsche Bank 2,034.58 4 13.09%
3 SG Corporate & Investment Banking 1,773.51 4 11.41%
4 BNP Paribas 1,755.03 3 11.29%
5 JPMorgan 1,048.58 5 6.75%