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National Australia Bank joins in with GG buyback spree

National Australia Bank became the latest bank to buy back government guaranteed bonds set to mature in 2012. It follows buyback offers from Investec Australia and Citigroup Australia. However, NAB’s offer is the biggest (and the tightest) so far.

  • 03 Dec 2010

NAB is offering to buy back A$1.62bn of FRN notes and A$1.33bn of fixed rate notes, the entire issue. It is offering a rate of BBSW flat for both tranches, compared to levels of 9bp-10bp over BBSW before the offer was announced.

NAB is sole lead on the buyback. ...

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Bookrunners of Global Covered Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 24 Feb 2015
1 Barclays 3,248.30 16 7.64%
2 Natixis 2,824.44 16 6.64%
3 HSBC 2,641.21 12 6.21%
4 BNP Paribas 2,476.22 11 5.82%
5 Commerzbank Group 2,430.29 11 5.72%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 23 Feb 2015
1 JPMorgan 113,682.66 452 0.00%
2 Bank of America Merrill Lynch 106,794.81 409 0.00%
3 Citi 104,403.84 493 0.00%
4 Goldman Sachs 102,392.18 436 0.00%
5 Morgan Stanley 101,320.07 493 0.00%

Bookrunners of Dollar Denominated Covered Bond Above $1bn

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 24 Feb 2015
1 UBS 590.25 1 0.00%
1 RBC Capital Markets 590.25 1 0.00%
1 Goldman Sachs 590.25 1 0.00%
1 UBS 590.25 1 33.33%
1 RBC Capital Markets 590.25 1 33.33%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 24 Feb 2015
1 Deutsche Bank 7,287.46 20 5.30%
2 Goldman Sachs 6,804.09 15 4.95%
3 SG Corporate & Investment Banking 5,814.67 13 4.23%
4 Credit Agricole CIB 5,201.56 11 3.78%
5 BNP Paribas 4,800.11 8 3.49%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 24 Feb 2015
1 BNP Paribas 2,218.30 8 9.58%
2 HSBC 2,002.50 8 8.65%
3 Natixis 1,960.01 9 8.47%
4 Commerzbank Group 1,794.02 7 7.75%
5 Barclays 1,567.50 6 6.77%

Global FIG Revenue

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 23 Feb 2015
1 Goldman Sachs 169.10 128 8.53%
2 JPMorgan 154.30 161 7.78%
3 Morgan Stanley 142.54 189 7.19%
4 Citi 107.57 157 5.43%
5 UBS 98.97 90 4.99%

Bookrunners of European Subordinated FIG

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 24 Feb 2015
1 UBS 3,578.91 2 23.03%
2 Deutsche Bank 2,034.58 4 13.09%
3 SG Corporate & Investment Banking 1,773.51 4 11.41%
4 BNP Paribas 1,755.03 3 11.29%
5 JPMorgan 1,048.58 5 6.75%