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Tasty dollar swaps drive dollar range accrual deals

Investors in non-Japan Asia, as well as from Africa and the Middle East, drove demand for dollar callable range accruals from double-A rated banks in Europe and Australia, as a sell-off in US swap rates allowed higher returns on these trades. The sell-off also drove demand for 30 year zero coupon callables.

  • 10 Dec 2010
The 10 year US dollar swap was up about 15bp on the day on Wednesday, according to one dealer, while the 30 year swap rate peaked north of 4.2% on Wednesday, coming back down to 4.09% on Thursday afternoon, having gone below 400bp on Monday and early on ...

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Bookrunners of Global Covered Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 05 May 2015
1 Natixis 6,067.19 34 3.34%
2 RBC Capital Markets 4,717.53 14 2.60%
3 HSBC 4,653.01 23 2.56%
4 BNP Paribas 4,556.32 20 2.51%
5 Barclays 4,272.27 21 2.35%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 04 May 2015
1 Citi 37,066.97 167 7.46%
2 JPMorgan 34,104.01 140 6.87%
3 Bank of America Merrill Lynch 31,429.85 120 6.33%
4 Morgan Stanley 29,522.95 115 5.94%
5 Goldman Sachs 29,243.49 122 5.89%

Bookrunners of Dollar Denominated Covered Bond Above $1bn

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 05 May 2015
1 RBC Capital Markets 920.18 2 22.49%
2 UBS 790.63 2 19.32%
3 Goldman Sachs 590.25 1 14.42%
4 Citi 530.31 2 12.96%
4 Barclays 530.31 2 12.96%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 05 May 2015
1 Deutsche Bank 13,090.05 40 5.12%
2 Goldman Sachs 9,242.39 23 3.61%
3 Credit Agricole CIB 8,426.57 18 3.29%
4 SG Corporate & Investment Banking 7,228.69 19 2.83%
5 BNP Paribas 6,487.70 19 2.54%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 05 May 2015
1 Natixis 3,875.87 19 4.36%
2 BNP Paribas 3,752.74 14 4.22%
3 HSBC 3,025.71 13 3.41%
4 Credit Agricole CIB 2,654.35 12 2.99%
5 Commerzbank Group 2,585.17 12 2.91%

Global FIG Revenue

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 04 May 2015
1 Goldman Sachs 411.48 346 7.92%
2 JPMorgan 366.06 449 7.05%
3 Morgan Stanley 321.36 540 6.19%
4 Citi 312.21 512 6.01%
5 Bank of America Merrill Lynch 267.26 463 5.15%

Bookrunners of European Subordinated FIG

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 05 May 2015
1 Deutsche Bank 4,833.30 12 12.71%
2 Credit Agricole CIB 4,774.91 4 12.56%
3 UBS 4,406.20 4 11.59%
4 HSBC 2,970.48 6 7.81%
5 JPMorgan 2,730.43 13 7.18%