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
  • 27 Sep 2016
1 UBS 10,781.29 65 6.14%
2 HSBC 10,181.15 55 5.80%
3 BNP Paribas 9,456.72 44 5.39%
4 Credit Agricole CIB 8,532.32 39 4.86%
5 Commerzbank Group 8,359.55 49 4.76%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 26 Sep 2016
1 JPMorgan 79,179.90 343 7.10%
2 Citi 68,169.73 397 6.11%
3 Morgan Stanley 62,488.64 285 5.60%
4 Goldman Sachs 60,633.80 315 5.44%
5 HSBC 60,235.91 255 5.40%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 27 Sep 2016
1 JPMorgan 62,253.52 249 11.08%
2 Citi 57,237.68 309 10.19%
3 Bank of America Merrill Lynch 48,802.48 255 8.69%
4 Morgan Stanley 45,833.82 218 8.16%
5 Goldman Sachs 42,967.95 245 7.65%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 27 Sep 2016
1 Credit Agricole CIB 7,372.24 27 7.88%
2 BNP Paribas 7,155.53 27 7.65%
3 UBS 6,612.03 23 7.07%
4 LBBW 5,491.10 21 5.87%
5 Commerzbank Group 5,432.06 23 5.81%

Global FIG Revenue

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 02 May 2016
1 Morgan Stanley 365.83 497 7.62%
2 JPMorgan 332.66 618 6.92%
3 Bank of America Merrill Lynch 299.89 590 6.24%
4 Goldman Sachs 276.71 375 5.76%
5 Citi 264.54 592 5.51%

Bookrunners of European Subordinated FIG

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 27 Sep 2016
1 BNP Paribas 6,327.54 21 9.66%
2 HSBC 6,275.95 20 9.58%
3 UBS 6,221.18 24 9.49%
4 Barclays 5,430.32 15 8.29%
5 Citi 4,250.71 20 6.49%