Moody’s delivers verdict: 775 hybrids up for the chop

Moody’s placed 775 hybrids and subordinated debt securities on review for possible downgrade on Thursday, following the changes in its methodology for these instruments.

  • 19 Nov 2009
Before the financial crisis, Moody’s had notched hybrids from the banks’ senior ratings which incorporates implicit government support. However, during the crisis, while support was available for senior debt holders, subordinated debt holders had to take losses. As a result, subordinated debt is notched down from a bank’s ...

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Bookrunners of Global Covered Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 9,047.01 40 6.07%
2 UniCredit 7,481.13 60 5.02%
3 Commerzbank Group 6,931.49 43 4.65%
4 BNP Paribas 6,833.59 30 4.58%
5 LBBW 6,443.14 35 4.32%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Morgan Stanley 85,620.51 342 7.43%
2 Bank of America Merrill Lynch 76,178.35 284 6.61%
3 Citi 73,677.02 443 6.39%
4 Goldman Sachs 71,002.60 390 6.16%
5 JPMorgan 69,036.78 332 5.99%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 63,091.19 343 10.49%
2 Morgan Stanley 62,364.05 246 10.37%
3 Bank of America Merrill Lynch 62,346.53 240 10.36%
4 JPMorgan 57,293.47 256 9.52%
5 Goldman Sachs 54,069.13 322 8.99%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 SG Corporate & Investment Banking 5,112.50 20 7.18%
2 LBBW 5,014.64 17 7.04%
3 BNP Paribas 4,566.36 14 6.41%
4 Credit Agricole CIB 4,553.92 17 6.39%
5 Commerzbank Group 4,242.73 17 5.95%

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
  • Today
1 Barclays 8,483.95 21 13.67%
2 HSBC 8,067.77 29 13.00%
3 BNP Paribas 4,145.54 22 6.68%
4 Credit Suisse 4,020.83 20 6.48%
5 Citi 3,992.43 32 6.43%