BWICs give secondary market a shot in the arm

A clutch of BWICS on Thursday and Friday provided the secondary market with a handy injection of ABS supply — a change from January and early February, where prime asset classes were largely bid-only.

  • 24 Feb 2012

Among the assets on the bid lists were Granite paper, UK non-conforming and buy-to-let RMBS and Spanish, Italian and Portuguese RMBS. There would be six BWICs in two days, traders said, as banks looked to step up deleveraging and move assets off their balance sheets.

"In January the ...

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Bookrunners of Global Covered Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 03 May 2016
1 UBS 7,378.25 36 6.37%
2 Credit Agricole CIB 7,204.43 30 6.22%
3 Landesbank Baden-Wuerttemberg - LBBW 6,851.04 36 5.91%
4 BNP Paribas 6,411.11 28 5.53%
5 HSBC 6,136.84 31 5.30%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 02 May 2016
1 Goldman Sachs 34,764.06 141 6.73%
2 Morgan Stanley 33,239.40 112 6.44%
3 Citi 32,069.96 151 6.21%
4 JPMorgan 31,798.14 153 6.16%
5 Bank of America Merrill Lynch 31,494.39 118 6.10%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 03 May 2016
1 Goldman Sachs 13,938.43 41 10.50%
2 Landesbank Baden-Wuerttemberg - LBBW 9,332.97 132 7.03%
3 HSBC 8,751.32 32 6.59%
4 BNP Paribas 8,043.56 24 6.06%
5 Credit Suisse 7,710.84 18 5.81%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 03 May 2016
1 Credit Agricole CIB 6,435.45 22 9.32%
2 UBS 5,506.43 18 7.97%
3 BNP Paribas 4,893.74 17 7.09%
4 Landesbank Baden-Wuerttemberg - LBBW 4,801.21 17 6.95%
5 Deutsche Bank 3,894.43 13 5.64%

Global FIG Revenue

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 02 May 2016
1 Morgan Stanley 365.83 497 7.62%
2 JPMorgan 332.66 618 6.92%
3 Bank of America Merrill Lynch 299.89 590 6.24%
4 Goldman Sachs 276.71 375 5.76%
5 Citi 264.54 592 5.51%

Bookrunners of European Subordinated FIG

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 03 May 2016
1 UBS 3,176.99 11 12.09%
2 BNP Paribas 2,776.38 5 10.57%
3 HSBC 2,044.16 10 7.78%
4 Goldman Sachs 1,723.47 10 6.56%
5 Credit Agricole CIB 1,643.95 3 6.26%