Granite mezz roars but pipeline still paltry

The secondary market for UK mezzanine RMBS has opened 2011 with a bang, with Granite mezz pieces having risen three points in two days by Thursday. But the strong secondary backdrop has failed to flush out primary deals, with no new European ABS expected this week and only vague rumours for the week ahead.

  • 07 Jan 2011

Dealers attributed the rise in Granite mezz — which is now offered at 60, up from 50 in the middle of December and 57 at the beginning of the year — to strong US interest.

"Some US fast money accounts have started to play the dealers, in what ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.

Bookrunners of Global Covered Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 11,393.91 58 6.10%
2 UniCredit 9,392.63 73 5.03%
3 BNP Paribas 8,680.07 42 4.65%
4 Commerzbank Group 8,017.52 51 4.29%
5 LBBW 7,853.79 46 4.21%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Morgan Stanley 101,227.56 407 7.05%
2 Citi 93,364.44 533 6.50%
3 Goldman Sachs 92,877.06 482 6.47%
4 Bank of America Merrill Lynch 88,108.47 363 6.14%
5 JPMorgan 83,098.88 394 5.79%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 80,666.11 411 11.00%
2 Goldman Sachs 71,709.95 406 9.78%
3 Bank of America Merrill Lynch 71,286.77 308 9.72%
4 Morgan Stanley 70,689.24 298 9.64%
5 JPMorgan 69,672.34 305 9.50%

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 6.41%
2 LBBW 5,487.17 19 6.34%
3 BNP Paribas 5,467.55 18 6.32%
4 Credit Agricole CIB 5,313.69 20 6.14%
5 Commerzbank Group 4,830.70 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
  • Today
1 Barclays 9,461.63 27 13.12%
2 HSBC 8,882.01 36 12.32%
3 BNP Paribas 5,367.46 26 7.44%
4 Citi 4,542.03 36 6.30%
5 Credit Suisse 4,325.15 22 6.00%