Forderbanks step up the pace as Landesbanks fall away

Of the 16 German regional development banks, NRW.Bank and L-Bank are by far and away the clear leaders when it comes to international bond issuance, having secured hard-fought reputations as agency issuers. However, their lead is expected to narrow as other state governments face up to increased funding requirements and encourage their own Förderbanks to look beyond domestic Schuldscheindarlehen and bearer bonds. Philip Moore reports.

  • 12 Sep 2008

While Germany’s Landesbanks have increasingly resembled endangered species in the international capital market since the loss of their government guarantees in 2005 — most notably in the unsecured market — the same can scarcely be said of the largest of Germany’s regional Förderbanks (development banks).

All 16 of ...

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All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 Jul 2017
1 Citi 244,235.70 910 8.87%
2 JPMorgan 223,767.95 1021 8.13%
3 Bank of America Merrill Lynch 211,276.97 750 7.68%
4 Barclays 166,062.82 634 6.03%
5 Goldman Sachs 162,877.27 537 5.92%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 21 Jul 2017
1 HSBC 25,385.87 103 7.10%
2 Deutsche Bank 25,125.19 81 7.03%
3 Bank of America Merrill Lynch 22,023.57 59 6.16%
4 BNP Paribas 18,766.65 109 5.25%
5 Credit Agricole CIB 18,157.63 105 5.08%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 Jul 2017
1 JPMorgan 12,578.87 55 8.17%
2 Citi 11,338.07 71 7.36%
3 UBS 10,682.06 44 6.93%
4 Goldman Sachs 10,419.53 53 6.76%
5 Morgan Stanley 10,194.88 57 6.62%