Top stories


  • BNPP Cardif markets rare tier three offering in euros

    BNP Paribas Cardif was set to become the second ever insurance company to sell tier three debt in euros on Monday, having opened books on a new €750m seven year transaction.

    • 12:00 PM
  • A tale of two Hong Kong Banks in the dollar market

    Chiyu Banking Corp and Shanghai Commercial Bank hit the debt market for their debut international subordinated bonds on Tuesday, but each was met with a different response from investors.

    • 10:30 AM
  • RBNZ to review mortgage collateral standards

    The Reserve Bank of New Zealand (RBNZ) has published a consultation document setting out proposals to improve the quality of mortgages that secure bonds used for repo purposes. The move should improve liquidity for domestic banks, but siphoning off only the best quality mortgages could have a potentially detrimental impact on the collateral quality of distributed covered bond and RMBS deals.

    • 21 Nov 2017
  • Banks jump into senior on super Tuesday

    Three European banks chose Tuesday to offer senior bonds as issuers took advantage of a period of market stability. Danske Bank and Landsbankinn HF both offered notes in euros, while National Australia Bank (NAB) issued in sterling.

    • 21 Nov 2017
  • Unipol gets stuck on pricing in cramped market

    Unipol Gruppo was unable to tighten pricing on its new senior unsecured deal on Monday, as financial institutions crowded the market with new transactions ahead of Thanksgiving.

    • 21 Nov 2017
  • Crédit Logement glides through busy market with swift execution

    Crédit Logement was able to sell a new tier two very quickly on Tuesday, despite the deal hitting screens at the same time as six other deals from financial institutions in the euro market.

    • 21 Nov 2017
  • Eika Boligkreditt closes covered bond gap to DNB

    Eika Boligkreditt considerably closed the pricing gap to Norway’s national champion, DNB Boligkreditt, with its €500m seven year covered bond issued on Tuesday. At the same time Finland’s Oma Savings Bank has mandated leads to market its inaugural deal and Wüstenrot Bausparkasse has mandated leads to launch its debut.

    • 21 Nov 2017
  • Investors flock to BHH’s negative yielding Pfandbrief

    Berlin Hyp (BHH) enjoyed tremendous demand for the first negative yielding covered bond in over a year, as international real money investors took advantage of the compelling relative value on offer to pile into deal and make it one of the most oversubscribed of the year.

    • 21 Nov 2017
  • Mizuho picks Credit Suisse banker for top fixed income job

    Mizuho International has hired a managing director from Credit Suisse to take charge of its fixed income business.

    • 21 Nov 2017
  • European banks deemed less important in GSIB reshuffle

    The Financial Stability Board (FSB) made seven changes to its list of global systemically important banks (G-SIBs) on Monday, lowering capital requirements for BNP Paribas and Credit Suisse and removing Groupe BPCE from the list entirely.

    • 21 Nov 2017

The GlobalCapital View logo   Comment

  • Nordea’s AT1 record is because of the Popular resolution, not despite it

    The Banco Popular resolution told investors how regulators and the market will treat additional tier one (AT1) bonds in times of stress. They liked the answer enough to continue buying — right up to giving Nordea a 3.5% coupon.

    • 21 Nov 2017
  • What's in a name?

    Europe’s new-look senior debt is finally getting a name for itself, but it’s not necessarily the right one.

    • 16 Nov 2017

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FIG Priced Deals Database

IssuerMaturitySize
SpareBank 1 SMN09-Nov-20300
Lloyds Banking Group07-Nov-232250
Lloyds Banking Group07-Nov-281750
Swedbank07-Nov-22500
Santander UK plc03-Nov-20300


Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Morgan Stanley 101,389.81 410 7.01%
2 Citi 93,952.06 535 6.50%
3 Goldman Sachs 93,147.66 487 6.44%
4 Bank of America Merrill Lynch 88,833.54 368 6.14%
5 JPMorgan 84,004.53 398 5.81%

Bookrunners of Global Covered Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 11,393.91 58 6.03%
2 UniCredit 9,509.62 74 5.03%
3 BNP Paribas 8,680.07 42 4.59%
4 Commerzbank Group 8,135.97 52 4.30%
5 LBBW 7,972.24 47 4.22%

Bookrunners of Global Covered Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 11,393.91 58 6.03%
2 UniCredit 9,509.62 74 5.03%
3 BNP Paribas 8,680.07 42 4.59%
4 Commerzbank Group 8,135.97 52 4.30%
5 LBBW 7,972.24 47 4.22%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Morgan Stanley 101,389.81 410 7.01%
2 Citi 93,952.06 535 6.50%
3 Goldman Sachs 93,147.66 487 6.44%
4 Bank of America Merrill Lynch 88,833.54 368 6.14%
5 JPMorgan 84,004.53 398 5.81%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 81,366.11 413 11.01%
2 Bank of America Merrill Lynch 71,835.56 312 9.72%
3 Goldman Sachs 71,716.12 409 9.71%
4 Morgan Stanley 70,783.10 301 9.58%
5 JPMorgan 70,263.64 307 9.51%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 LBBW 5,605.63 20 6.35%
2 SG Corporate & Investment Banking 5,543.24 22 6.28%
3 BNP Paribas 5,467.55 18 6.20%
4 Credit Agricole CIB 5,313.69 20 6.02%
5 Commerzbank Group 4,949.16 20 5.61%

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
  • Today
1 Barclays 9,461.63 27 12.90%
2 HSBC 8,882.01 36 12.11%
3 BNP Paribas 5,534.13 27 7.55%
4 Citi 4,542.03 36 6.19%
5 Credit Suisse 4,325.15 22 5.90%