Spanish banks down but not out in ECP market but Portuguese names KO’d

Flows of Spanish bank paper in the European commercial paper market have yet to recover despite actions by authorities to stem market panic, and Portuguese banks will likely be forced to find new investors and may have to cut their CP funding.

  • 12 May 2010

Spanish bank issuance remains light, and bankers believe that investors are likely to wait at least another week before dipping their toes back in.

“We’re not seeing much flow from the Spanish banking sector, though there are bits and pieces,” said one CP dealer in London. “What the authorities’ ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.

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%