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FIG

Pohjola raises T2 hopes, but regulatory worries remain

More European banks may look at issuing tier twos after Pohjola Bank printed a €500m bullet this week, but regulatory uncertainty is still concerning some.

  • 24 Feb 2012
The Finnish bank followed its larger regional counterpart, Nordea, which sold a 10 year non-call five tier two transaction three weeks earlier. Pohjola opted for a slightly different structure, with no call option at the five year point, although it does have a regulatory call option at 101% ...

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Bookrunners of Global Covered Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 30 Jun 2015
1 Natixis 7,215.80 41 6.22%
2 RBC Capital Markets 6,452.35 20 5.56%
3 HSBC 6,359.64 32 5.48%
4 UBS 6,040.49 35 5.21%
5 BNP Paribas 5,931.63 25 5.12%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 53,706.30 239 7.15%
2 Citi 50,207.23 261 6.69%
3 Goldman Sachs 46,283.39 196 6.16%
4 Bank of America Merrill Lynch 45,783.19 198 6.10%
5 Morgan Stanley 43,008.72 193 5.73%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 30 Jun 2015
1 Deutsche Bank 14,358.03 48 7.96%
2 UBS 12,880.61 27 7.14%
3 Goldman Sachs 12,391.16 32 6.87%
4 Credit Agricole CIB 9,053.81 24 5.02%
5 BNP Paribas 8,893.47 28 4.93%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 30 Jun 2015
1 Natixis 4,491.06 21 8.32%
2 BNP Paribas 4,381.40 16 8.12%
3 HSBC 3,409.93 15 6.32%
4 Credit Agricole CIB 3,153.33 14 5.84%
5 Commerzbank Group 2,806.43 13 5.20%

Global FIG Revenue

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 29 Jun 2015
1 Goldman Sachs 574.23 518 7.29%
2 JPMorgan 513.94 776 6.53%
3 Citi 463.97 768 5.89%
4 Morgan Stanley 452.23 839 5.74%
5 Bank of America Merrill Lynch 436.45 734 5.54%

Bookrunners of European Subordinated FIG

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 30 Jun 2015
1 Deutsche Bank 5,643.62 17 11.20%
2 UBS 5,331.98 9 10.58%
3 HSBC 5,053.63 10 10.03%
4 Credit Agricole CIB 4,884.74 6 9.70%
5 BNP Paribas 3,486.09 11 6.92%