Popolare bites Eu2bn bullet for Basel

Italy’s Banco Popolare secured a hard underwriting commitment from five banks for a Eu2bn capital increase likely to be launched early next year, the bank said on Sunday night. Investors reacted positively to the news, marking the shares down just close to 4% despite the near-doubling of the issuer’s share capital the deal will entail.

  • 25 Oct 2010

The capital raise is designed to let it repay Eu1.45bn of Italian government-injected core tier one capital and provide it with the flexibility to allow it to get the best price for assets it is selling amid the implementation of Basel III.

The issuer is treading what is fast ...

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Bookrunners of Global Covered Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 17 Jan 2017
1 HSBC 2,397.96 9 4.23%
2 SG Corporate & Investment Banking 2,188.22 8 3.86%
3 LBBW 1,773.99 6 3.13%
4 UBS 1,773.35 6 3.13%
5 BNP Paribas 1,771.98 5 3.12%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 16 Jan 2017
1 Citi 8,638.50 15 11.13%
2 Barclays 7,212.69 10 9.29%
3 Goldman Sachs 6,158.31 19 7.93%
4 Credit Suisse 5,544.13 9 7.14%
5 Credit Agricole CIB 4,837.98 10 6.23%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 10 Jan 2017
1 Citi 7,161.15 5 19.51%
2 Barclays 5,414.82 3 14.75%
3 Credit Suisse 4,540.95 3 12.37%
4 Goldman Sachs 2,308.61 5 6.29%
5 Credit Agricole CIB 2,294.43 1 6.25%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 17 Jan 2017
1 SG Corporate & Investment Banking 2,188.22 8 11.15%
2 LBBW 1,773.99 6 9.04%
3 BNP Paribas 1,422.29 4 7.25%
4 HSBC 1,372.05 4 6.99%
5 UBS 1,350.40 4 6.88%

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
  • 17 Jan 2017
1 Bank of America Merrill Lynch 811.76 5 11.41%
2 Citi 712.63 4 10.01%
3 BNP Paribas 602.64 3 8.47%
4 Credit Agricole CIB 546.86 3 7.68%
5 JPMorgan 436.73 3 6.14%