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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
  • 20 Jan 2015
1 Barclays 2,221.48 9 10.19%
2 Commerzbank Group 1,949.79 9 8.94%
3 Natixis 1,705.53 9 7.82%
4 BNP Paribas 1,314.67 6 6.03%
5 HSBC 1,124.07 4 5.16%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 19 Jan 2015
1 JPMorgan 9,602.38 20 0.00%
2 Goldman Sachs 6,288.30 20 0.00%
3 Credit Agricole CIB 5,616.74 13 0.00%
4 Citi 5,074.12 23 0.00%
5 Deutsche Bank 4,268.16 18 0.00%

Bookrunners of Dollar Denominated Covered Bond Above $1bn

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 20 Jan 2015
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
  • 20 Jan 2015
1 Goldman Sachs 6,244.99 12 13.72%
2 Credit Agricole CIB 5,277.53 9 11.59%
3 Deutsche Bank 3,256.30 9 7.15%
4 SG Corporate & Investment Banking 3,065.13 6 6.73%
5 BNP Paribas 2,683.59 4 5.90%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 20 Jan 2015
1 BNP Paribas 1,255.52 5 9.69%
2 Natixis 1,179.60 5 9.10%
3 Commerzbank Group 1,165.73 4 8.99%
4 Barclays 954.90 3 7.37%
5 HSBC 870.95 3 6.72%

Global FIG Revenue

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 19 Jan 2015
1 JPMorgan 56.40 54 7.81%
2 Barclays 44.41 61 6.15%
3 Deutsche Bank 42.65 62 5.90%
4 Citi 41.83 48 5.79%
5 Goldman Sachs 40.33 44 5.58%

Bookrunners of European Subordinated FIG

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 20 Jan 2015
1 Credit Agricole CIB 999.76 1 39.99%
2 Rabobank 375.00 1 15.00%
2 Morgan Stanley 375.00 1 15.00%
2 JPMorgan 375.00 1 15.00%
2 Credit Suisse 375.00 1 15.00%