SMBC gets big US bid for $2bn dual-trancher

US investors jumped on a $2bn issue from Sumitomo Mitsui Banking Corp this week, driving price discussions for a deal that quickly tightened to within a whisker of outstanding bonds from the higher-rated Rabobank.

  • 15 Jul 2010

Barclays Capital, Citi and Goldman Sachs arranged the Aa2/A+ rated deal, and built a huge order book between three and five year tranches which priced at Treasury spreads of 118bp and 137.5bp, respectively.

US investors drove the issue after the bookrunners approached them with price whispers on Tuesday. The ...

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Bookrunners of Global Covered Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 9,615.99 43 6.16%
2 UniCredit 7,570.25 62 4.85%
3 LBBW 7,095.33 39 4.54%
4 Commerzbank Group 6,961.50 44 4.46%
5 BNP Paribas 6,833.59 30 4.38%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Morgan Stanley 87,751.12 359 7.39%
2 Bank of America Merrill Lynch 77,372.46 295 6.51%
3 Goldman Sachs 74,944.59 398 6.31%
4 Citi 74,754.56 460 6.29%
5 JPMorgan 70,466.76 340 5.93%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Morgan Stanley 63,836.41 259 10.46%
2 Citi 63,521.73 352 10.41%
3 Bank of America Merrill Lynch 63,391.02 250 10.39%
4 JPMorgan 58,458.79 260 9.58%
5 Goldman Sachs 54,650.14 327 8.96%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 LBBW 5,487.17 19 7.34%
2 SG Corporate & Investment Banking 5,349.05 21 7.15%
3 BNP Paribas 4,566.36 14 6.10%
4 Credit Agricole CIB 4,553.92 17 6.09%
5 Commerzbank Group 4,242.73 17 5.67%

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 8,682.34 22 13.71%
2 HSBC 8,105.27 30 12.80%
3 BNP Paribas 4,343.93 23 6.86%
4 Credit Suisse 4,219.22 21 6.66%
5 Citi 4,059.10 33 6.41%