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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
  • 16 Sep 2014
1 Natixis 10,937.59 42 7.19%
2 UniCredit 10,234.82 74 6.72%
3 BNP Paribas 10,200.44 37 6.70%
4 HSBC 8,018.72 37 5.27%
5 UBS 7,929.21 45 5.21%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 15 Sep 2014
1 Bank of America Merrill Lynch 79,385.83 274 0.00%
2 JPMorgan 72,351.89 280 0.00%
3 Goldman Sachs 69,768.06 293 0.00%
4 Deutsche Bank 67,108.95 234 0.00%
5 Morgan Stanley 64,340.47 319 0.00%

Bookrunners of Dollar Denominated Covered Bond Above $1bn

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 16 Sep 2014
1 Citi 711.71 3 0.00%
2 HSBC 673.33 3 0.00%
2 Bank of America Merrill Lynch 673.33 3 0.00%
4 Barclays 456.91 2 0.00%
5 RBC Capital Markets 418.81 2 0.00%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 16 Sep 2014
1 Deutsche Bank 28,063.84 71 9.27%
2 Goldman Sachs 19,232.08 60 6.35%
3 BNP Paribas 19,017.44 52 6.28%
4 Barclays 17,595.94 67 5.81%
5 SG Corporate & Investment Banking 16,732.55 61 5.53%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 09 Sep 2014
1 BNP Paribas 7,436.38 24 9.34%
2 Natixis 6,420.33 21 8.06%
3 UniCredit 5,079.28 19 6.38%
4 Barclays 4,897.53 15 6.15%
5 SG Corporate & Investment Banking 4,493.14 17 5.64%

Global FIG Revenue

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 01 Sep 2014
1 JPMorgan 1,868.78 1008 0.00%
2 Goldman Sachs 1,472.57 761 0.00%
3 Bank of America Merrill Lynch 1,425.33 934 0.00%
4 Deutsche Bank 1,339.61 929 0.00%
5 Citi 1,303.04 928 0.00%

Bookrunners of European Subordinated FIG

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 16 Sep 2014
1 HSBC 10,296.50 19 12.67%
2 Deutsche Bank 6,945.83 20 8.55%
3 UBS 5,667.34 18 6.98%
4 Bank of America Merrill Lynch 4,985.45 19 6.14%
5 SG Corporate & Investment Banking 4,804.40 16 5.91%