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FIG

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
  • 26 May 2015
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
  • 26 May 2015
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
  • 26 May 2015
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%