FIG

Dexia buyback ‘distressed exchange’: S&P

Standard & Poor’s said on Thursday that Dexia Bank Belgium’s cash tender — which struck market participants this week with its low 25% buyback price — is a distressed exchange.

  • 24 Feb 2012

In the exercise led by UBS, the bank is offering to buy back a €500m tier one. The cash tender had been planned in Dexia’s restructuring plan signed last year, when the Belgian government bought the bank’s operations in that country.

"We consider the offer to be a ...

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Bookrunners of Global Covered Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 26 Apr 2016
1 UBS 7,378.25 36 6.40%
2 Credit Agricole CIB 7,204.43 30 6.25%
3 Landesbank Baden-Wuerttemberg - LBBW 6,851.04 36 5.94%
4 BNP Paribas 6,299.92 27 5.46%
5 HSBC 6,136.84 31 5.32%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 25 Apr 2016
1 Goldman Sachs 34,078.68 133 6.90%
2 Morgan Stanley 32,563.37 108 6.60%
3 JPMorgan 31,084.92 148 6.30%
4 Bank of America Merrill Lynch 30,615.46 114 6.20%
5 Citi 28,197.46 139 5.71%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 26 Apr 2016
1 Goldman Sachs 13,825.59 40 10.83%
2 Landesbank Baden-Wuerttemberg - LBBW 8,809.04 124 6.90%
3 HSBC 8,423.90 30 6.60%
4 BNP Paribas 7,856.78 23 6.15%
5 Credit Suisse 7,570.21 17 5.93%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 26 Apr 2016
1 Credit Agricole CIB 6,435.45 22 4.66%
2 UBS 5,506.43 18 3.99%
3 BNP Paribas 4,893.74 17 3.54%
4 Landesbank Baden-Wuerttemberg - LBBW 4,801.21 17 3.48%
5 Deutsche Bank 3,894.43 13 2.82%

Global FIG Revenue

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 25 Apr 2016
1 Morgan Stanley 356.11 470 7.87%
2 JPMorgan 308.92 582 6.82%
3 Bank of America Merrill Lynch 280.91 558 6.21%
4 Goldman Sachs 264.86 353 5.85%
5 Citi 246.40 555 5.44%

Bookrunners of European Subordinated FIG

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 26 Apr 2016
1 UBS 2,977.50 9 12.49%
2 BNP Paribas 2,776.38 5 11.65%
3 HSBC 1,919.16 9 8.05%
4 Credit Agricole CIB 1,643.95 3 6.90%
5 Goldman Sachs 1,534.38 8 6.44%