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
  • 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%