UBI sells 10 year OBG after mulling timing pros & cons

UBI Banca tackled the complications of launching a new issue close to year-end to price a Eu1bn 10 year mortgage-backed covered bond on Thursday.

  • 04 Dec 2009

Leads Barclays Capital, Deutsche Bank, Natixis and Société Générale priced the issue at 67bp over mid-swaps after gathering more than Eu1.23bn orders, after guidance was set at the high 60s.

Some syndicate bankers away from the transaction said that its timing, so close to the end of the year, ...

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All International Bonds

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 352,540.12 1323 9.09%
2 Bank of America Merrill Lynch 315,574.44 1093 8.13%
3 JPMorgan 314,826.88 1433 8.11%
4 Goldman Sachs 234,193.07 776 6.04%
5 Barclays 226,473.92 879 5.84%

Bookrunners of All Syndicated Loans EMEA

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1 HSBC 34,312.86 161 6.59%
2 Deutsche Bank 34,194.98 116 6.57%
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4 BNP Paribas 27,479.75 167 5.28%
5 SG Corporate & Investment Banking 23,982.83 136 4.61%

Bookrunners of all EMEA ECM Issuance

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1 JPMorgan 19,536.02 78 8.91%
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3 Citi 15,667.80 92 7.14%
4 UBS 15,208.47 58 6.94%
5 Goldman Sachs 13,487.36 72 6.15%