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  • April 11 2014
FIG

Strong demand for Arkle, UK prime prices stalled

The secondary market for UK prime RMBS paper remains stubbornly sluggish despite a rally in broader credit markets this year. But there is no shortage of interest in primary issuance, with demand for Lloyds Banking Group’s latest Arkle RMBS reported to be strong.

  • 03 Feb 2012
Bankers said on Thursday that books had gone subject on all tranches except the five year sterling. Book size was said to be well above what Lloyds originally intended to print. Final tranche sizes have not been determined — final approvals were in progress as EuroWeek went to ...

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Bookrunners of Global Covered Bonds

Rank Lead Manager Amount $m No of issues Share %
1 UniCredit 6,555.40 42 8.32%
2 BNP Paribas 6,411.77 22 8.14%
3 Natixis 6,156.38 23 7.81%
4 UBS 3,835.74 22 4.87%
5 Commerzbank Group 3,770.47 18 4.79%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
1 JPMorgan 38,454.61 132 8.58%
2 Bank of America Merrill Lynch 38,426.95 121 8.57%
3 Goldman Sachs 33,969.60 127 7.58%
4 Deutsche Bank 27,934.61 98 6.23%
5 Citi 25,466.21 117 5.68%

Bookrunners of Dollar Denominated Covered Bond Above $1bn

Rank Lead Manager Amount €m No of issues Share %
1 RBC Capital Markets 2,861.24 9 19.87%
2 Barclays 2,166.13 7 15.04%
3 JPMorgan 1,326.85 5 9.21%
4 Bank of America Merrill Lynch 1,113.63 4 7.73%
5 Goldman Sachs 857.51 3 5.95%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
1 Goldman Sachs 11,541.26 32 7.67%
2 Deutsche Bank 11,109.00 31 7.38%
3 BNP Paribas 10,602.50 26 7.04%
4 SG Corporate & Investment Banking 9,791.48 34 6.51%
5 Morgan Stanley 8,515.16 22 5.66%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
1 BNP Paribas 5,691.31 17 11.74%
2 Natixis 4,198.16 13 8.66%
3 UniCredit 3,395.99 12 7.00%
4 Barclays 3,031.55 10 6.25%
5 HSBC 2,631.99 9 5.43%

Global FIG Revenue

Rank Lead Manager Amount $m No of issues Share %
1 JPMorgan 418.21 431 9.43%
2 Bank of America Merrill Lynch 353.19 422 7.96%
3 Goldman Sachs 306.78 341 6.92%
4 Citi 287.06 417 6.47%
5 Barclays 260.45 382 5.87%

Bookrunners of European Subordinated FIG

Rank Lead Manager Amount €m No of issues Share %
1 HSBC 3,548.38 7 10.98%
2 Bank of America Merrill Lynch 2,623.53 8 8.12%
3 BNP Paribas 2,543.92 6 7.87%
4 SG Corporate & Investment Banking 2,416.45 7 7.48%
5 UBS 2,049.79 9 6.35%