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
  • 09 Feb 2016
1 UBS 3,596.64 15 4.45%
2 Deutsche Bank 2,581.57 11 3.19%
3 Credit Agricole CIB 2,563.08 12 3.17%
4 SG Corporate & Investment Banking 2,504.59 12 3.10%
5 UniCredit 2,473.53 15 3.06%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 08 Feb 2016
1 Citi 9,049.51 25 7.07%
2 Morgan Stanley 8,412.15 21 6.57%
3 Goldman Sachs 7,592.10 25 5.93%
4 Barclays 7,199.61 20 5.62%
5 Bank of America Merrill Lynch 6,847.93 27 5.35%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 09 Feb 2016
1 Goldman Sachs 5,484.38 15 8.48%
2 Natixis 3,624.88 6 5.60%
3 LBBW 3,230.86 40 4.99%
4 Credit Agricole CIB 2,296.11 4 3.55%
5 BNP Paribas 2,155.21 4 3.33%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 09 Feb 2016
1 UBS 3,399.52 11 10.79%
2 Credit Agricole CIB 2,237.22 9 7.10%
3 SG Corporate & Investment Banking 2,206.96 9 7.00%
4 UniCredit 2,147.04 9 6.81%
5 Deutsche Bank 2,029.52 7 6.44%

Global FIG Revenue

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 08 Feb 2016
1 Morgan Stanley 136.72 106 10.15%
2 Goldman Sachs 89.22 92 6.62%
3 JPMorgan 67.01 141 4.97%
4 Citi 61.96 122 4.60%
5 Bank of America Merrill Lynch 55.05 121 4.09%

Bookrunners of European Subordinated FIG

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 09 Feb 2016
1 Credit Agricole CIB 1,146.47 1 22.22%
2 HSBC 775.22 3 15.03%
3 Intesa Sanpaolo SpA 439.10 2 8.51%
3 Deutsche Bank 439.10 2 8.51%
3 Bank of America Merrill Lynch 439.10 2 8.51%