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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
  • 28 Oct 2014
1 BNP Paribas 12,326.76 43 0.00%
2 Natixis 12,162.42 46 0.00%
3 UniCredit 11,222.02 81 0.00%
4 HSBC 9,669.94 44 0.00%
5 Commerzbank Group 9,165.23 41 0.00%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 27 Oct 2014
1 Bank of America Merrill Lynch 88,918.35 307 7.22%
2 JPMorgan 83,806.02 336 6.80%
3 Goldman Sachs 76,833.01 316 6.23%
4 Citi 75,200.60 340 6.10%
5 Morgan Stanley 73,704.68 350 5.98%

Bookrunners of Dollar Denominated Covered Bond Above $1bn

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 28 Oct 2014
1 Citi 1,499.34 5 10.74%
2 RBC Capital Markets 1,206.44 4 8.64%
3 TD Securities Inc 977.84 3 7.00%
4 HSBC 673.33 3 4.82%
4 Bank of America Merrill Lynch 673.33 3 4.82%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 28 Oct 2014
1 Deutsche Bank 29,444.29 79 8.78%
2 BNP Paribas 20,739.38 61 6.19%
3 Goldman Sachs 20,571.54 67 6.14%
4 Barclays 19,833.93 74 5.92%
5 SG Corporate & Investment Banking 18,793.45 67 5.61%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 21 Oct 2014
1 BNP Paribas 8,089.51 26 8.42%
2 Natixis 7,730.73 25 8.05%
3 UniCredit 6,347.32 23 6.61%
4 Commerzbank Group 6,095.49 20 6.35%
5 Barclays 5,884.94 18 6.13%

Global FIG Revenue

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 27 Oct 2014
1 JPMorgan 1,136.60 1248 8.25%
2 Bank of America Merrill Lynch 915.26 1152 6.64%
3 Goldman Sachs 900.52 922 6.54%
4 Deutsche Bank 846.56 1165 6.15%
5 Citi 813.48 1166 5.91%

Bookrunners of European Subordinated FIG

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 28 Oct 2014
1 HSBC 10,466.40 20 5.95%
2 Deutsche Bank 7,370.24 22 4.19%
3 UBS 6,381.44 21 3.63%
4 BNP Paribas 5,705.15 19 3.25%
5 Bank of America Merrill Lynch 5,371.83 21 3.06%