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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
  • 18 Nov 2014
1 Natixis 14,329.20 52 7.20%
2 BNP Paribas 13,347.69 48 6.71%
3 Barclays 12,136.98 43 6.10%
4 UniCredit 11,732.28 89 5.90%
5 HSBC 10,461.35 48 5.26%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 Nov 2014
1 Bank of America Merrill Lynch 92,587.18 330 7.00%
2 JPMorgan 91,078.71 362 6.88%
3 Citi 82,412.05 369 6.23%
4 Goldman Sachs 81,868.27 337 6.19%
5 Morgan Stanley 78,513.09 375 5.93%

Bookrunners of Dollar Denominated Covered Bond Above $1bn

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 18 Nov 2014
1 Citi 1,499.34 5 21.48%
2 RBC Capital Markets 1,206.44 4 17.28%
3 TD Securities Inc 977.84 3 14.01%
4 HSBC 673.33 3 9.65%
4 Bank of America Merrill Lynch 673.33 3 9.65%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 Nov 2014
1 Deutsche Bank 30,832.80 86 4.26%
2 Goldman Sachs 22,920.95 71 3.17%
3 BNP Paribas 22,778.59 71 3.15%
4 SG Corporate & Investment Banking 20,712.34 75 2.86%
5 JPMorgan 20,476.22 67 2.83%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 Nov 2014
1 Natixis 9,897.51 31 0.00%
2 BNP Paribas 9,536.03 31 0.00%
3 Barclays 9,388.49 28 0.00%
4 UniCredit 6,722.56 24 0.00%
5 Commerzbank Group 6,672.79 22 0.00%

Global FIG Revenue

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 Nov 2014
1 JPMorgan 1,191.44 1267 8.15%
2 Bank of America Merrill Lynch 966.73 1238 6.61%
3 Goldman Sachs 940.98 963 6.44%
4 Deutsche Bank 881.77 1229 6.03%
5 Citi 862.42 1231 5.90%

Bookrunners of European Subordinated FIG

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 18 Nov 2014
1 HSBC 10,917.41 23 5.77%
2 Deutsche Bank 8,125.37 26 4.30%
3 UBS 6,635.70 23 3.51%
4 BNP Paribas 6,477.12 23 3.42%
5 Bank of America Merrill Lynch 5,647.03 23 2.99%