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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
  • 28 Oct 2014
1 BNP Paribas 12,326.76 43 0.00%
2 Natixis 12,162.42 46 0.00%
3 UniCredit 11,222.02 81 0.00%
4 HSBC 9,669.94 44 0.00%
5 Commerzbank Group 9,165.23 41 0.00%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 27 Oct 2014
1 Bank of America Merrill Lynch 88,918.35 307 7.22%
2 JPMorgan 83,806.02 336 6.80%
3 Goldman Sachs 76,833.01 316 6.23%
4 Citi 75,200.60 340 6.10%
5 Morgan Stanley 73,704.68 350 5.98%

Bookrunners of Dollar Denominated Covered Bond Above $1bn

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 28 Oct 2014
1 Citi 1,499.34 5 10.74%
2 RBC Capital Markets 1,206.44 4 8.64%
3 TD Securities Inc 977.84 3 7.00%
4 HSBC 673.33 3 4.82%
4 Bank of America Merrill Lynch 673.33 3 4.82%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 28 Oct 2014
1 Deutsche Bank 29,444.29 79 8.78%
2 BNP Paribas 20,739.38 61 6.19%
3 Goldman Sachs 20,571.54 67 6.14%
4 Barclays 19,833.93 74 5.92%
5 SG Corporate & Investment Banking 18,793.45 67 5.61%

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
  • 27 Oct 2014
1 JPMorgan 1,136.60 1248 8.25%
2 Bank of America Merrill Lynch 915.26 1152 6.64%
3 Goldman Sachs 900.52 922 6.54%
4 Deutsche Bank 846.56 1165 6.15%
5 Citi 813.48 1166 5.91%

Bookrunners of European Subordinated FIG

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 28 Oct 2014
1 HSBC 10,466.40 20 5.95%
2 Deutsche Bank 7,370.24 22 4.19%
3 UBS 6,381.44 21 3.63%
4 BNP Paribas 5,705.15 19 3.25%
5 Bank of America Merrill Lynch 5,371.83 21 3.06%