U.K. Thrift Plans To Expand Structured Product Offering

Leeds & Holbeck Building Society, a U.K. thrift, is considering adding an equity growth product to its range of investments.

  • 21 Jan 2005
Email a colleague
Request a PDF

Leeds & Holbeck Building Society, a U.K. thrift, is considering adding an equity growth product to its range of investments. The thrift already offers a six-year cliquet note, called the Guaranteed Capital Account, which Credit Suisse First Boston structured for it last year.

Paul Riley, derivatives manager in Leeds, said the thrift will talk to banks over the next three months about different investment products. "We have a track record for selling [structured products] now," said Riley, explaining this is why the thrift is considering expanding its range.

Leeds & Holbeck is already looking at simple FTSE100 growth products, according to Riley. This is because low equity volatility means products can be offered with high participation as well as capital protection (DW, 12/3). Riley said Leeds & Holbeck will either structure the product itself and buy the hedge from a bank or buy a white-labeled product. Other U.K. thrifts are also expanding the range of structured products they issue. Skipton Building Society, for example, issued a note linked to property and the FTSE 100 last year (DW, 9/10).

  • 21 Jan 2005

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 24 Jul 2017
1 Citi 253,106.92 930 8.89%
2 JPMorgan 230,914.50 1036 8.11%
3 Bank of America Merrill Lynch 221,389.46 762 7.78%
4 Goldman Sachs 171,499.26 554 6.03%
5 Barclays 169,046.60 646 5.94%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 27,039.93 106 7.36%
2 Deutsche Bank 25,125.19 81 6.84%
3 Bank of America Merrill Lynch 23,128.33 61 6.29%
4 BNP Paribas 19,315.94 110 5.26%
5 Credit Agricole CIB 18,706.93 106 5.09%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 Jul 2017
1 JPMorgan 12,578.87 55 8.17%
2 Citi 11,338.07 71 7.36%
3 UBS 10,682.06 44 6.93%
4 Goldman Sachs 10,419.53 53 6.76%
5 Morgan Stanley 10,194.88 57 6.62%