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
  • 20 Sep 2016
1 UBS 10,614.47 64 6.13%
2 HSBC 10,181.15 55 5.88%
3 BNP Paribas 8,976.64 41 5.19%
4 Credit Agricole CIB 8,532.32 39 4.93%
5 Commerzbank Group 8,192.72 48 4.74%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 19 Sep 2016
1 JPMorgan 72,071.97 326 6.70%
2 Citi 66,754.52 381 6.20%
3 Morgan Stanley 60,909.67 270 5.66%
4 HSBC 58,652.33 247 5.45%
5 Bank of America Merrill Lynch 57,429.99 286 5.34%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 20 Sep 2016
1 JPMorgan 58,470.18 241 10.77%
2 Citi 56,175.14 297 10.35%
3 Bank of America Merrill Lynch 47,390.06 243 8.73%
4 Morgan Stanley 44,798.26 205 8.25%
5 Wells Fargo Securities 40,594.07 206 7.48%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 20 Sep 2016
1 Credit Agricole CIB 7,372.24 27 3.98%
2 BNP Paribas 6,988.71 26 3.77%
3 UBS 6,445.21 22 3.48%
4 LBBW 5,491.10 21 2.96%
5 UniCredit 5,393.41 21 2.91%

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
  • 20 Sep 2016
1 BNP Paribas 6,327.54 21 4.90%
2 HSBC 6,275.95 20 4.86%
3 UBS 6,221.18 24 4.82%
4 Barclays 5,430.32 15 4.21%
5 Citi 4,250.71 20 3.29%