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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
  • 25 Aug 2015
1 HSBC 9,624.51 46 6.67%
2 Natixis 8,394.32 47 5.81%
3 RBC Capital Markets 7,713.90 25 5.34%
4 UBS 7,707.02 46 5.34%
5 BNP Paribas 6,916.55 29 4.79%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 24 Aug 2015
1 JPMorgan 64,872.50 293 7.19%
2 Citi 60,978.61 309 6.76%
3 Goldman Sachs 55,828.30 245 6.19%
4 Bank of America Merrill Lynch 55,296.16 237 6.13%
5 Morgan Stanley 52,219.10 232 5.79%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 25 Aug 2015
1 Goldman Sachs 15,913.78 39 7.75%
2 Deutsche Bank 15,495.14 58 7.55%
3 UBS 13,015.99 28 6.34%
4 SG Corporate & Investment Banking 11,006.37 32 5.36%
5 Credit Agricole CIB 10,200.23 29 4.97%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 25 Aug 2015
1 Natixis 5,532.17 26 8.10%
2 BNP Paribas 5,093.51 19 7.45%
3 HSBC 4,849.58 20 7.10%
4 Commerzbank Group 3,873.90 18 5.67%
5 Credit Agricole CIB 3,701.66 16 5.42%

Global FIG Revenue

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 24 Aug 2015
1 Goldman Sachs 691.76 664 7.00%
2 JPMorgan 638.31 966 6.46%
3 Citi 604.81 972 6.12%
4 Morgan Stanley 580.19 1060 5.87%
5 Bank of America Merrill Lynch 560.29 963 5.67%

Bookrunners of European Subordinated FIG

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 25 Aug 2015
1 HSBC 6,580.15 14 5.06%
2 Deutsche Bank 5,813.49 20 4.47%
3 UBS 5,536.85 11 4.26%
4 BNP Paribas 5,047.07 14 3.88%
5 Credit Agricole CIB 4,884.74 6 3.75%