FIG fears rise before second LTRO slug as market asks ‘what next?’

With expectations of a €1tr or higher second long term refinancing operation (LTRO) by the European Central Bank next Tuesday having slumped to €400m-€500m, a more muted impact is in prospect than after December’s exercise.

  • 24 Feb 2012
Around €200bn of the €489bn of liquidity that banks took up in December’s first LTRO was existing ECB funding rolled into the new three year tenor, according to estimates. But while the majority of funds handed out on Tuesday should be new funding, market participants forecast that the ...

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Bookrunners of Global Covered Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 30 Aug 2016
1 UBS 9,677.63 58 5.90%
2 HSBC 9,491.66 52 5.79%
3 Credit Agricole CIB 8,532.32 39 5.21%
4 Landesbank Baden-Wuerttemberg - LBBW 7,975.45 47 4.87%
5 Commerzbank Group 7,969.91 47 4.86%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 29 Aug 2016
1 JPMorgan 65,509.69 286 6.77%
2 Citi 58,842.67 319 6.08%
3 Morgan Stanley 54,842.72 238 5.66%
4 Goldman Sachs 54,581.59 275 5.64%
5 Bank of America Merrill Lynch 53,004.42 257 5.47%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 30 Aug 2016
1 JPMorgan 52,864.22 208 10.85%
2 Citi 49,178.89 247 10.09%
3 Bank of America Merrill Lynch 43,446.64 217 8.91%
4 Morgan Stanley 40,567.00 183 8.32%
5 Wells Fargo Securities 38,742.74 188 7.95%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 30 Aug 2016
1 Credit Agricole CIB 7,372.24 27 8.48%
2 UBS 5,981.15 20 6.88%
3 BNP Paribas 5,884.81 22 6.77%
4 Landesbank Baden-Wuerttemberg - LBBW 5,306.88 20 6.11%
5 Commerzbank Group 5,042.43 21 5.80%

Global FIG Revenue

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 02 May 2016
1 Morgan Stanley 365.83 497 7.62%
2 JPMorgan 332.66 618 6.92%
3 Bank of America Merrill Lynch 299.89 590 6.24%
4 Goldman Sachs 276.71 375 5.76%
5 Citi 264.54 592 5.51%

Bookrunners of European Subordinated FIG

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 30 Aug 2016
1 BNP Paribas 6,163.54 19 11.17%
2 HSBC 5,625.84 17 10.19%
3 UBS 5,562.70 20 10.08%
4 Barclays 4,513.52 9 8.18%
5 JPMorgan 2,909.54 15 5.27%