Grand refinancing talks get real

Noteholders in the German Residential Asset Note Distributor (GRAND) CMBS has appointed Rothschild as an adviser to discuss possible refinancing options. Grand is the largest CMBS in Europe — a Eu5.82bn deal secured on German multi-family units owned by Deutsche Annington.

  • 24 Jun 2011

The noteholders claim to speak for over 20% of the notes, with BayernLB, LBBW, ING, M&G, and Pimco involved in the announcement on Tuesday, and others, including Standard Life, have joined recently.

The borrower held a conference call on Wednesday, at the noteholder group’s instigation, but so far noteholders ...

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Bookrunners of Global Covered Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 11,393.91 58 6.00%
2 UniCredit 9,509.62 74 5.01%
3 BNP Paribas 8,680.07 42 4.57%
4 Commerzbank Group 8,253.32 53 4.34%
5 LBBW 8,089.59 48 4.26%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Morgan Stanley 101,410.35 412 6.99%
2 Citi 94,194.69 538 6.50%
3 Goldman Sachs 93,150.36 489 6.42%
4 Bank of America Merrill Lynch 88,834.84 369 6.13%
5 JPMorgan 84,348.56 399 5.82%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 81,408.75 415 11.01%
2 Bank of America Merrill Lynch 71,836.87 313 9.71%
3 Goldman Sachs 71,718.82 411 9.70%
4 Morgan Stanley 70,784.40 302 9.57%
5 JPMorgan 70,596.97 307 9.55%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 LBBW 5,605.63 20 6.35%
2 SG Corporate & Investment Banking 5,543.24 22 6.28%
3 BNP Paribas 5,467.55 18 6.20%
4 Credit Agricole CIB 5,313.69 20 6.02%
5 Commerzbank Group 4,949.16 20 5.61%

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 9,461.63 27 12.77%
2 HSBC 8,882.01 36 11.99%
3 BNP Paribas 6,278.15 28 8.47%
4 Citi 4,542.03 36 6.13%
5 Credit Suisse 4,325.15 22 5.84%