BNP Paribas reopens standalone FI bonds, market unimpressed

BNP Paribas showed that there is demand outside the government guaranteed bank market on Monday with the first non-guaranteed public issue in euros in the last three months, a Eu1.5bn five year deal.

  • 12 Dec 2008

Four more non-guaranteed issues then priced this week, one of them subordinated, confirming that the deal was more than a one-off.

However, while most transactions were well received by investors across Europe, market participants were reluctant to declare the market fully open for all issuers.

Indeed, liquidity conditions remain strained ...

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Bookrunners of Global Covered Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 10,189.41 48 6.09%
2 UniCredit 8,290.73 65 4.95%
3 BNP Paribas 7,574.73 35 4.53%
4 LBBW 7,401.08 42 4.42%
5 Commerzbank Group 7,255.50 46 4.34%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Morgan Stanley 88,943.23 375 7.02%
2 Bank of America Merrill Lynch 82,746.68 325 6.53%
3 Citi 82,424.25 487 6.50%
4 Goldman Sachs 77,168.54 434 6.09%
5 JPMorgan 74,578.61 357 5.88%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 70,640.47 376 10.99%
2 Bank of America Merrill Lynch 66,526.97 273 10.35%
3 Morgan Stanley 64,569.18 271 10.04%
4 JPMorgan 61,807.07 271 9.61%
5 Goldman Sachs 56,413.27 361 8.77%

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 5,543.24 22 6.98%
2 LBBW 5,487.17 19 6.90%
3 BNP Paribas 4,946.20 16 6.22%
4 Credit Agricole CIB 4,748.11 18 5.97%
5 Commerzbank Group 4,389.40 18 5.52%

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 9,144.21 24 13.47%
2 HSBC 8,632.25 34 12.71%
3 BNP Paribas 4,721.16 25 6.95%
4 Citi 4,398.19 35 6.48%
5 Credit Suisse 4,219.22 21 6.21%