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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
  • 28 Jul 2015
1 HSBC 8,630.49 41 6.45%
2 Natixis 8,446.58 47 6.32%
3 RBC Capital Markets 7,558.96 24 5.65%
4 UBS 6,942.22 40 5.19%
5 BNP Paribas 6,916.55 29 5.17%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 27 Jul 2015
1 JPMorgan 61,700.03 267 7.44%
2 Citi 57,162.57 286 6.90%
3 Goldman Sachs 51,784.22 214 6.25%
4 Morgan Stanley 48,061.03 212 5.80%
5 Bank of America Merrill Lynch 47,623.90 210 5.74%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 28 Jul 2015
1 Goldman Sachs 15,440.75 36 7.93%
2 Deutsche Bank 15,024.48 53 7.72%
3 UBS 13,015.99 28 6.69%
4 SG Corporate & Investment Banking 10,628.40 30 5.46%
5 BNP Paribas 9,545.15 31 4.91%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 28 Jul 2015
1 Natixis 5,584.44 26 8.66%
2 BNP Paribas 5,093.51 19 7.90%
3 HSBC 4,165.96 18 6.46%
4 Credit Agricole CIB 3,701.66 16 5.74%
5 UBS 3,517.95 15 5.45%

Global FIG Revenue

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 27 Jul 2015
1 Goldman Sachs 624.95 581 7.05%
2 JPMorgan 576.59 883 6.50%
3 Citi 526.92 880 5.94%
4 Bank of America Merrill Lynch 501.95 862 5.66%
5 Morgan Stanley 501.06 951 5.65%

Bookrunners of European Subordinated FIG

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 28 Jul 2015
1 Deutsche Bank 5,658.62 18 10.63%
2 UBS 5,456.98 10 10.25%
3 HSBC 5,068.63 11 9.52%
4 Credit Agricole CIB 4,884.74 6 9.18%
5 JPMorgan 3,766.09 19 7.08%