Tentative optimism after encouraging cash activity

There is continued demand for senior FIG paper, secondary traders reported on Wednesday morning, with real money accounts joining the street in picking up bank debt. Bankers said cash spreads were outperforming CDS, although volumes were still low.

  • 17 Aug 2011

“Traders are seeing some activity in cash, mostly bottom fishing,” said one syndicate banker. “It’s mostly from other trading houses, rather than from our clients — the street is better bid today. But we are seeing some activity from clients looking for buying opportunities.”

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Bookrunners of Global Covered Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 10,856.90 55 6.31%
2 UniCredit 8,379.23 66 4.87%
3 BNP Paribas 7,918.03 38 4.61%
4 Commerzbank Group 7,805.13 49 4.54%
5 LBBW 7,738.70 45 4.50%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Morgan Stanley 96,135.23 376 7.34%
2 Citi 84,976.88 498 6.49%
3 Bank of America Merrill Lynch 83,537.64 328 6.38%
4 Goldman Sachs 80,248.79 441 6.13%
5 JPMorgan 76,164.92 364 5.82%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 73,003.66 384 11.02%
2 Bank of America Merrill Lynch 67,317.92 276 10.16%
3 Morgan Stanley 65,732.49 269 9.92%
4 JPMorgan 63,159.52 276 9.54%
5 Goldman Sachs 59,493.52 368 8.98%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 SG Corporate & Investment Banking 5,543.24 22 6.82%
2 LBBW 5,487.17 19 6.75%
3 BNP Paribas 4,946.20 16 6.09%
4 Commerzbank Group 4,830.70 19 5.95%
5 Credit Agricole CIB 4,748.11 18 5.84%

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
  • Today
1 Barclays 9,144.21 24 13.25%
2 HSBC 8,738.18 35 12.66%
3 BNP Paribas 4,721.16 25 6.84%
4 Citi 4,398.19 35 6.37%
5 Credit Suisse 4,325.15 22 6.27%