Volkswagen and Barclays stand alone in ABS pipeline

Clydesdale Bank’s privately placed Lanark 2012-1 RMBS was the extent of primary ABS issuance this week. Looking ahead, Barclays is set to launch its Gracechurch Cards deal next week, and Volkswagen has mandated for VCL 15 — its first euro issue of the year. But apart from these two market stalwarts, the pipeline remains light with some bankers blaming the strong covered bond market.

  • 24 Feb 2012

Barclays Bank has been roadshowing a new Gracechurch Cards deal since February 15. The meetings, which were arranged by Barclays Capital and JP Morgan, will last until Friday, with the originator ready to bring a deal next week.

Volkswagen has mandated Commerzbank and Mizuho to sell notes from ...

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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
  • Today
1 JPMorgan 57,241.61 243 6.71%
2 Citi 51,142.49 279 6.00%
3 Goldman Sachs 50,623.07 232 5.94%
4 Morgan Stanley 47,985.75 206 5.63%
5 HSBC 46,813.97 197 5.49%

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%