Dead CIT bounce

Massive books and sharply tightening spreads are making the FIG market look, if not like a bubble, at least like its booming corporate bond cousin. Even the woes of US lender CIT can’t pull investors up short.

  • 21 Jul 2009

The steady flow of unguaranteed senior bonds being issued by Europe’s second tier banks are a sign of strength, say syndicate managers, and investors are snapping them up to take advantage of what has become almost inevitable secondary market performance.

Enter CIT, its looming liquidity crisis, and its ...

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Bookrunners of Global Covered Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 8,472.52 36 6.23%
2 Commerzbank Group 6,830.68 42 5.02%
3 UniCredit 6,825.82 54 5.02%
4 BNP Paribas 6,477.17 27 4.76%
5 LBBW 6,164.20 30 4.53%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Morgan Stanley 76,736.88 293 7.46%
2 Goldman Sachs 66,780.86 342 6.49%
3 Bank of America Merrill Lynch 66,234.96 245 6.44%
4 Citi 64,777.65 389 6.30%
5 JPMorgan 62,651.53 300 6.09%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Morgan Stanley 58,379.12 213 10.74%
2 Citi 56,081.40 304 10.32%
3 Bank of America Merrill Lynch 53,332.86 207 9.81%
4 JPMorgan 51,890.97 230 9.55%
5 Goldman Sachs 51,106.12 281 9.40%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 LBBW 5,014.64 17 7.41%
2 SG Corporate & Investment Banking 4,741.46 19 7.01%
3 BNP Paribas 4,566.36 14 6.75%
4 Credit Agricole CIB 4,553.92 17 6.73%
5 Commerzbank Group 4,242.73 17 6.27%

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 HSBC 7,876.41 27 14.03%
2 Barclays 6,735.15 18 12.00%
3 BNP Paribas 3,779.92 18 6.74%
4 Credit Suisse 3,754.01 17 6.69%
5 Citi 3,502.60 28 6.24%