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FIG

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
  • Today
1 Barclays 3,906.47 18 7.73%
2 Natixis 3,390.49 19 6.71%
3 UBS 2,846.10 15 5.63%
4 Commerzbank Group 2,844.84 14 5.63%
5 HSBC 2,641.21 12 5.23%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 02 Mar 2015
1 JPMorgan 19,882.00 54 0.00%
2 Citi 17,438.05 62 0.00%
3 Morgan Stanley 15,560.93 43 0.00%
4 Goldman Sachs 14,767.01 55 0.00%
5 Deutsche Bank 14,022.27 53 0.00%

Bookrunners of Dollar Denominated Covered Bond Above $1bn

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 RBC Capital Markets 920.18 2 29.77%
2 UBS 590.25 1 19.10%
2 Goldman Sachs 590.25 1 19.10%
4 Westpac 329.93 1 10.68%
4 Citi 329.93 1 10.68%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Deutsche Bank 7,933.05 23 10.64%
2 Goldman Sachs 6,929.21 16 9.29%
3 SG Corporate & Investment Banking 6,674.20 16 8.95%
4 BNP Paribas 5,253.61 10 7.05%
5 Credit Agricole CIB 5,201.56 11 6.98%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Natixis 2,526.06 12 9.13%
2 BNP Paribas 2,218.30 8 8.01%
3 HSBC 2,002.50 8 7.23%
4 Commerzbank Group 1,983.50 8 7.17%
5 Credit Agricole CIB 1,913.80 8 6.91%

Global FIG Revenue

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 02 Mar 2015
1 JPMorgan 184.92 186 8.03%
2 Goldman Sachs 172.79 152 7.50%
3 Morgan Stanley 150.52 232 6.53%
4 Citi 130.14 198 5.65%
5 Deutsche Bank 112.67 211 4.89%

Bookrunners of European Subordinated FIG

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 UBS 3,578.91 2 0.00%
2 Deutsche Bank 2,034.58 4 0.00%
3 SG Corporate & Investment Banking 1,773.51 4 0.00%
4 BNP Paribas 1,755.03 3 0.00%
5 JPMorgan 1,048.58 5 0.00%