Bancaja stumbles as eight proves step too far for Spain’s issuers

Bancaja cut the size of a three year cédulas hipotecarias transaction from a targeted Eu1bn to Eu750m this week as demand for Spanish covered bonds proved to have been sated after a hectic fortnight.

  • 01 Apr 2010

In the past two weeks eight Spanish banks have raised a combined Eu7.825bn from 10 benchmark covered bond issues.

This, in turn, came at the end of a quarter in which euro benchmark covered bond supply from all jurisdictions reached Eu64.925bn, according to Dealogic, making it the busiest ever ...

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All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 283,448.47 1049 9.00%
2 JPMorgan 259,046.23 1180 8.22%
3 Bank of America Merrill Lynch 253,723.42 871 8.06%
4 Goldman Sachs 192,523.13 618 6.11%
5 Barclays 185,075.90 709 5.88%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 28,971.26 117 7.00%
2 Deutsche Bank 27,415.35 91 6.62%
3 Bank of America Merrill Lynch 25,509.39 71 6.16%
4 BNP Paribas 21,884.21 122 5.29%
5 Credit Agricole CIB 19,966.59 113 4.82%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 13,671.74 61 7.86%
2 Citi 12,076.06 76 6.95%
3 Morgan Stanley 11,899.85 66 6.84%
4 UBS 11,800.30 47 6.79%
5 Goldman Sachs 11,111.93 58 6.39%