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FIG

Cheap high grade African Bank pays 8.125%

An attractive 8.125% yield for consumer lender African Bank’s five year bond drove orders to $1.75bn — but the bank kept the deal to $350m when it issued it on Tuesday night. The note, priced at par by Credit Suisse, Goldman Sachs, Rand Merchant Bank and Standard Chartered Bank, traded up to 100.75 on Wednesday morning — a tightening of 17bp on a spread basis.

  • 24 Feb 2012

"It’s a strategic priority for African Bank to access an international investor base," said Spencer Maclean, head of syndicate, west, at Standard Chartered Bank in London. "The issuer has a $2bn EMTN programme so it’s clear they will return to the market in a controlled fashion."

Price guidance had ...

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Bookrunners of Global Covered Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 21 Oct 2014
1 Natixis 12,005.07 45 0.00%
2 BNP Paribas 11,290.05 40 0.00%
3 UniCredit 11,064.68 80 0.00%
4 HSBC 8,878.71 41 0.00%
5 Commerzbank Group 8,849.25 40 0.00%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 20 Oct 2014
1 Bank of America Merrill Lynch 86,857.61 303 7.25%
2 JPMorgan 83,493.98 333 6.97%
3 Goldman Sachs 73,212.50 313 6.11%
4 Deutsche Bank 72,062.68 269 6.01%
5 Morgan Stanley 70,641.32 347 5.89%

Bookrunners of Dollar Denominated Covered Bond Above $1bn

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 21 Oct 2014
1 Citi 1,499.34 5 21.48%
2 RBC Capital Markets 1,206.44 4 17.28%
3 TD Securities Inc 977.84 3 14.01%
4 HSBC 673.33 3 9.65%
4 Bank of America Merrill Lynch 673.33 3 9.65%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 21 Oct 2014
1 Deutsche Bank 29,444.29 79 8.92%
2 BNP Paribas 20,500.26 60 6.21%
3 Goldman Sachs 20,145.91 66 6.10%
4 Barclays 19,217.29 71 5.82%
5 Citi 17,872.54 68 5.41%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 21 Oct 2014
1 BNP Paribas 8,089.51 26 8.42%
2 Natixis 7,730.73 25 8.05%
3 UniCredit 6,347.32 23 6.61%
4 Commerzbank Group 6,095.49 20 6.35%
5 Barclays 5,884.94 18 6.13%

Global FIG Revenue

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 20 Oct 2014
1 JPMorgan 1,130.25 1230 8.39%
2 Bank of America Merrill Lynch 890.02 1124 6.61%
3 Goldman Sachs 885.33 901 6.57%
4 Deutsche Bank 840.68 1141 6.24%
5 Citi 789.50 1139 5.86%

Bookrunners of European Subordinated FIG

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 21 Oct 2014
1 HSBC 10,466.40 20 12.00%
2 Deutsche Bank 7,370.24 22 8.45%
3 UBS 6,381.44 21 7.31%
4 BNP Paribas 5,705.15 19 6.54%
5 Bank of America Merrill Lynch 5,371.83 21 6.16%