dcsimg
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 ...

Please take a trial or subscribe to access this content.

Contact Mark Goodes to discuss your access: mark.goodes@globalcapital.com

Corporate access

To discuss GlobalCapital access for your entire department or company please call Mark Goodes on +44 (0)20 7779 8605 or email mark.goodes@globalcapital.com to discuss your requirements.

Bookrunners of Global Covered Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Natixis 6,294.60 36 6.39%
2 RBC Capital Markets 5,737.14 18 5.83%
3 HSBC 5,672.62 27 5.76%
4 BNP Paribas 4,752.91 21 4.83%
5 UBS 4,617.92 28 4.69%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 25 May 2015
1 JPMorgan 136,360.60 563 6.70%
2 Bank of America Merrill Lynch 134,658.52 524 6.61%
3 Citi 127,772.77 634 6.27%
4 Goldman Sachs 126,844.13 548 6.23%
5 Morgan Stanley 120,121.44 599 5.90%

Bookrunners of Dollar Denominated Covered Bond Above $1bn

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 26 May 2015
1 RBC Capital Markets 1,471.83 4 11.68%
2 Goldman Sachs 864.16 2 6.86%
3 Barclays 808.05 3 6.41%
4 UBS 790.63 2 6.28%
5 HSBC 551.64 2 4.38%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 26 May 2015
1 Deutsche Bank 13,257.42 41 9.18%
2 Goldman Sachs 11,096.31 26 7.68%
3 UBS 9,982.70 20 6.91%
4 Credit Agricole CIB 8,545.72 19 5.92%
5 SG Corporate & Investment Banking 7,347.84 20 5.09%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Natixis 3,875.87 19 8.72%
2 BNP Paribas 3,752.74 14 8.45%
3 HSBC 3,025.71 13 6.81%
4 Credit Agricole CIB 2,654.35 12 5.97%
5 Commerzbank Group 2,585.17 12 5.82%

Global FIG Revenue

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 25 May 2015
1 Goldman Sachs 476.50 414 7.71%
2 JPMorgan 410.92 524 6.65%
3 Morgan Stanley 378.24 648 6.12%
4 Citi 357.10 600 5.78%
5 Bank of America Merrill Lynch 354.98 564 5.74%

Bookrunners of European Subordinated FIG

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 Deutsche Bank 4,833.30 12 12.55%
2 Credit Agricole CIB 4,774.91 4 12.39%
3 UBS 4,406.20 4 11.44%
4 HSBC 2,970.48 6 7.71%
5 JPMorgan 2,730.43 13 7.09%