Capital-hungry banks relish retail investors’ infatuation with perps

The keen appetite of retail investors around the world for pumping hybrid capital into banks showed no signs of abating this week as yet more tier one debt was sold to private banking networks.

  • 09 May 2008

In the past few weeks, many capital-hungry banks have been able to sell large transactions, defying doubters about the depth of the retail bid for tier one capital.

This week Sumitomo Mitsui Financial Group priced a $1.8bn deal, said to be the largest ever Eurodollar retail-targeted tier one issue.

Daiwa ...

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Bookrunners of Global Covered Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 Jul 2017
1 HSBC 7,819.38 34 5.99%
2 Commerzbank Group 6,569.87 40 5.03%
3 UniCredit 6,402.82 51 4.90%
4 Credit Agricole CIB 6,251.64 29 4.79%
5 LBBW 6,101.10 27 4.67%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 17 Jul 2017
1 JPMorgan 150,125.79 696 6.45%
2 Morgan Stanley 148,945.43 628 6.40%
3 Goldman Sachs 141,512.99 757 6.08%
4 Citi 139,755.65 854 6.00%
5 Bank of America Merrill Lynch 130,842.74 595 5.62%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 Jul 2017
1 Citi 46,002.89 257 9.90%
2 Goldman Sachs 45,907.69 242 9.88%
3 Morgan Stanley 45,559.38 178 9.81%
4 JPMorgan 44,542.40 200 9.59%
5 Bank of America Merrill Lynch 42,865.90 179 9.23%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 Jul 2017
1 LBBW 5,014.64 17 7.40%
2 SG Corporate & Investment Banking 4,741.46 19 7.00%
3 Credit Agricole CIB 4,590.25 17 6.78%
4 BNP Paribas 4,566.36 14 6.74%
5 Commerzbank Group 4,066.97 16 6.00%

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
  • 18 Jul 2017
1 HSBC 7,627.65 26 6.98%
2 Barclays 5,339.12 17 4.88%
3 Credit Suisse 3,754.01 17 3.43%
4 BNP Paribas 3,630.97 18 3.32%
5 Citi 3,502.60 28 3.20%