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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
  • 16 Dec 2014
1 Natixis 15,005.46 56 7.13%
2 BNP Paribas 13,909.98 50 6.61%
3 Barclays 12,449.97 44 5.92%
4 UniCredit 12,065.59 91 5.74%
5 HSBC 10,586.08 49 5.03%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 15 Dec 2014
1 Bank of America Merrill Lynch 97,053.18 349 6.82%
2 JPMorgan 95,744.86 382 6.73%
3 Citi 88,019.60 383 6.19%
4 Goldman Sachs 86,852.28 375 6.11%
5 Morgan Stanley 86,696.39 408 6.10%

Bookrunners of Dollar Denominated Covered Bond Above $1bn

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 09 Dec 2014
1 Citi 1,499.34 5 21.48%
2 RBC Capital Markets 1,206.44 4 17.28%
3 TD Securities Inc 977.84 3 14.01%
4 HSBC 673.33 3 9.65%
4 Bank of America Merrill Lynch 673.33 3 9.65%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 16 Dec 2014
1 Deutsche Bank 31,674.54 90 8.41%
2 BNP Paribas 24,247.12 74 6.44%
3 Goldman Sachs 23,545.70 74 6.25%
4 SG Corporate & Investment Banking 21,794.83 77 5.78%
5 Barclays 21,756.54 82 5.77%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 16 Dec 2014
1 Natixis 10,323.99 33 8.51%
2 BNP Paribas 10,098.32 33 8.32%
3 Barclays 9,701.49 29 7.99%
4 UniCredit 6,929.62 25 5.71%
5 Commerzbank Group 6,921.97 23 5.70%

Global FIG Revenue

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 15 Dec 2014
1 JPMorgan 1,270.04 1364 8.06%
2 Bank of America Merrill Lynch 1,042.05 1332 6.62%
3 Goldman Sachs 1,001.87 1049 6.36%
4 Deutsche Bank 928.49 1315 5.90%
5 Citi 921.01 1319 5.85%

Bookrunners of European Subordinated FIG

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 16 Dec 2014
1 HSBC 11,042.41 24 5.51%
2 Deutsche Bank 9,242.24 27 4.61%
3 BNP Paribas 7,528.88 25 3.76%
4 UBS 6,677.37 24 3.33%
5 SG Corporate & Investment Banking 6,432.59 22 3.21%