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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
  • 14 Apr 2015
1 Natixis 4,610.22 27 6.03%
2 HSBC 4,400.33 20 5.76%
3 RBC Capital Markets 4,234.43 11 5.54%
4 Barclays 4,137.75 20 5.42%
5 BNP Paribas 3,764.36 16 4.93%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 20 Apr 2015
1 JPMorgan 32,401.22 131 7.18%
2 Bank of America Merrill Lynch 30,512.11 114 6.77%
3 Citi 28,591.98 150 6.34%
4 Morgan Stanley 25,999.86 105 5.77%
5 Deutsche Bank 25,768.02 109 5.71%

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 22.49%
2 UBS 790.63 2 19.32%
3 Goldman Sachs 590.25 1 14.42%
4 Citi 530.31 2 12.96%
4 Barclays 530.31 2 12.96%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Deutsche Bank 12,954.07 39 10.35%
2 Goldman Sachs 9,242.39 23 7.39%
3 Credit Agricole CIB 8,212.92 16 6.56%
4 SG Corporate & Investment Banking 7,228.69 19 5.78%
5 BNP Paribas 6,487.70 19 5.18%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 14 Apr 2015
1 Natixis 3,450.53 17 9.22%
2 BNP Paribas 3,068.59 11 8.20%
3 HSBC 2,958.98 12 7.91%
4 Credit Agricole CIB 2,443.07 11 6.53%
5 Commerzbank Group 2,092.48 9 5.59%

Global FIG Revenue

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Goldman Sachs 349.62 315 7.71%
2 JPMorgan 314.45 393 6.94%
3 Morgan Stanley 291.82 474 6.44%
4 Citi 264.72 461 5.84%
5 Bank of America Merrill Lynch 245.65 417 5.42%

Bookrunners of European Subordinated FIG

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 14 Apr 2015
1 Deutsche Bank 4,708.27 11 12.69%
2 Credit Agricole CIB 4,674.91 3 12.60%
3 UBS 4,406.20 4 11.87%
4 HSBC 2,970.48 6 8.00%
5 JPMorgan 2,730.43 13 7.36%