Five years is sweet spot as senior tenors lengthen, but investors show signs of fatigue

Senior unsecured investors were spoilt for choice in the five year part of the curve this week as three banks issued deals in that maturity, following on from a five year benchmark from BNP Paribas at the end of last week.

  • 24 Feb 2012

Danske Bank and Société Générale launched five year deals on Tuesday after Intesa Sanpaolo caught the wave on Monday with a €1bn trade. BNP Paribas tapped the same maturity on February 17, also printing €1bn.

Bankers said Intesa’s deal, which was priced at the tight end of guidance at ...

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Bookrunners of Global Covered Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 19 Jul 2016
1 UBS 9,075.57 52 6.06%
2 HSBC 8,695.73 48 5.81%
3 Credit Agricole CIB 8,119.63 36 5.43%
4 Landesbank Baden-Wuerttemberg - LBBW 7,785.63 44 5.20%
5 BNP Paribas 7,513.16 35 5.02%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 11 Jul 2016
1 JPMorgan 50,311.72 231 6.52%
2 Citi 46,776.04 257 6.06%
3 HSBC 45,456.48 184 5.89%
4 Goldman Sachs 42,909.63 219 5.56%
5 Bank of America Merrill Lynch 42,214.19 204 5.47%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 19 Jul 2016
1 Citi 116,547.48 555 11.18%
2 JPMorgan 115,993.75 459 11.13%
3 Bank of America Merrill Lynch 103,425.02 462 9.92%
4 Goldman Sachs 82,924.68 450 7.96%
5 Morgan Stanley 81,589.64 391 7.83%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 19 Jul 2016
1 Credit Agricole CIB 7,016.13 25 8.65%
2 UBS 5,981.15 20 7.38%
3 BNP Paribas 5,603.49 21 6.91%
4 Landesbank Baden-Wuerttemberg - LBBW 5,306.88 20 6.55%
5 Commerzbank Group 4,528.16 19 5.59%

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
  • 19 Jul 2016
1 HSBC 5,625.84 17 12.58%
2 BNP Paribas 5,033.74 15 11.26%
3 UBS 3,892.79 17 8.71%
4 Barclays 2,454.68 7 5.49%
5 Goldman Sachs 2,453.63 14 5.49%