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FIG

Commerz targets hybrid capital in equity swap

Commerzbank this week launched a debt for equity swap that could generate over €1bn of core tier one capital, in what one investor called a sensible liability management approach amid a rally in prices of hybrid securities.

  • 24 Feb 2012
The German bank announced the exchange on Thursday after releasing its 2011 full year results. Some €3.2bn equivalent of tier ones and tier twos are eligible for the exchange, but the final amount is capped by the value and number of shares the bank can issue from authorised ...

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Bookrunners of Global Covered Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 22 Jul 2014
1 Natixis 9,907.30 37 7.74%
2 UniCredit 9,066.47 60 7.08%
3 BNP Paribas 8,377.17 32 6.54%
4 UBS 7,489.08 42 5.85%
5 Barclays 6,139.46 23 4.79%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 28 Jul 2014
1 Bank of America Merrill Lynch 64,930.13 231 7.34%
2 JPMorgan 64,603.76 244 7.31%
3 Goldman Sachs 62,259.93 255 7.04%
4 Deutsche Bank 56,939.45 196 6.44%
5 Morgan Stanley 52,647.04 268 5.95%

Bookrunners of Dollar Denominated Covered Bond Above $1bn

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 Citi 483.40 2 22.09%
2 Westpac 254.80 1 11.64%
2 JPMorgan 254.80 1 11.64%
2 HSBC 254.80 1 11.64%
2 Bank of America Merrill Lynch 254.80 1 11.64%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Deutsche Bank 22,197.56 61 8.58%
2 Goldman Sachs 17,515.77 53 6.77%
3 BNP Paribas 16,598.99 45 6.41%
4 Barclays 16,221.71 58 6.27%
5 Bank of America Merrill Lynch 14,216.02 38 5.49%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 22 Jul 2014
1 BNP Paribas 6,943.48 22 9.06%
2 Natixis 6,420.33 21 8.37%
3 UniCredit 4,995.61 18 6.52%
4 Barclays 4,897.53 15 6.39%
5 Commerzbank Group 4,070.18 14 5.31%

Global FIG Revenue

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 873.94 909 8.84%
2 Goldman Sachs 676.30 686 6.84%
3 Bank of America Merrill Lynch 650.84 840 6.58%
4 Deutsche Bank 609.44 830 6.16%
5 Citi 594.18 832 6.01%

Bookrunners of European Subordinated FIG

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 22 Jul 2014
1 Deutsche Bank 6,545.83 18 9.76%
2 HSBC 5,264.71 15 7.85%
3 UBS 5,026.99 15 7.50%
4 Bank of America Merrill Lynch 4,294.11 15 6.40%
5 BNP Paribas 3,745.87 13 5.59%
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