U.K. Mortgage Lender Enters Fx Swap

  • 04 Aug 2003
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Bradford & Bingley, a U.K. financial services firm, has converted a three-year EUR300 million (USD344 million) floating-rate note into a synthetic sterling-denominated liability. Peter Fullerton, head of dealing in Bingley, said, "The spread on sterling is marginally in our favor." The maturity of the swap will match that of the note.

In the swap, Bradford & Bingley pays in floating rate euros and receives floating rate sterling. It issued the note to finance general business. Fullerton said, "Since we are a mortgage lender with most of our assets and liabilities priced at a floating rate, it makes sense to borrow at a floating rate."

Credit Suisse First Boston was the bookrunner for the note. The note pays three-month Euribor plus 12.5 basis points. Fullerton declined to comment on the swap counterparties.

  • 04 Aug 2003

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 16 Jan 2017
1 Citi 22,118.13 61 9.00%
2 Barclays 20,987.41 55 8.54%
3 JPMorgan 17,406.75 53 7.08%
4 HSBC 16,333.52 48 6.64%
5 Goldman Sachs 15,454.74 49 6.29%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 17 Jan 2017
1 Commerzbank Group 114.00 1 66.16%
2 CaixaBank 37.05 1 21.50%
3 UniCredit 10.62 1 6.17%
3 BNP Paribas 10.62 1 6.17%
Subtotal 172.30 3 100.00%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 17 Jan 2017
1 SG Corporate & Investment Banking 770.06 2 16.80%
2 Goldman Sachs 656.16 2 14.32%
3 JPMorgan 527.28 4 11.50%
4 Emirates NBD PJSC 408.38 1 8.91%
5 Deutsche Bank 321.53 3 7.01%