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  • Swedish MREL framework demands subordination, favours senior non-pref

    The Swedish National Debt Office (SNDO) promoted non-preferred debt as a way for Swedish banks to meet the minimum requirement for own funds and eligible liabilities (MREL) on Thursday, establishing a favourable method for calculating the requirement and a manageable timeline for its implementation.

    • 01:00 PM

  • Deutsche ‘exploring all options’ with first sterling senior

    Deutsche Bank was looking for its first senior bond in the sterling market on Thursday, having recently tapped two euro deals as it looks to lock in low funding costs.

    • 02:00 PM
  • Small is beautiful for Natixis Pfandbriefbank

    Natixis Pfandbriefbank raised five year funding through its German subsidiary on Thursday and paid a more attractive concession than usual because of the deal’s sub-benchmark size. Despite perceived illiquidity, bid-offer spreads for sub-benchmark bonds are not much different to benchmark deals several weeks after launch, according to Citi research analysts.

    • 12:45 PM
  • First time lucky for Commerzbank’s S$500m tier two

    The Singapore dollar bank capital market welcomed Commerzbank’s inaugural Basel III tier two bond this week, allowing it to price through fair value.

    • 12:00 PM
  • KBC uses steady book to go large in holdco senior

    Belgium’s KBC raised its third and largest ever senior bond from its holding company on Wednesday, as market participants showed a thirst for new bonds despite looming political risks.

    • 22 Feb 2017
  • ANZ NZ joins senior splurge with five year no-grow

    ANZ New Zealand has become the first antipodean bank to raise a preferred senior bond in euros this year, as credit spreads linger at record tights in the financial sector.

    • 22 Feb 2017
  • UOB prices flat to covered curve as WL sets new spread record

    United Overseas Bank issued a euro covered bond flat to its curve and WL Bank priced at the tightest spread of the year, suggesting slowing supply is exacerbating a squeeze on investors. UOB was also set to issue its first dollar-denominated covered bond.

    • 22 Feb 2017
  • Yapi Kredi reopens Turkish FI bonds as $4bn of maturities loom

    Yapi Kredi reopened the Turkish financial bond market on Tuesday, garnering a $1.2bn book that was sticky enough to allow the issuer to tighten pricing 37.5bp — good news for the $3.7bn worth of Turkish financial senior bonds that will need refinancing this year.

    • 22 Feb 2017
  • Commerzbank adds to S$ bank capital momentum

    The Singapore dollar bank capital market is set for a busy week with Commerzbank announcing a Basel III tier two bond on Wednesday morning. Its offering closely follows UOB’s successful tier two outing on Monday.

    • 22 Feb 2017
  • OBG outlook questioned as Renzi relinquishes PD leadership

    Technical factors have strongly supported the Obbligazioni Bancarie Garantite (OBG) market, but the resignation of former Italian prime minister, Matteo Renzi, from leadership of the ruling Democratic Party (PD) may hurt the market over the next few months.

    • 20 Feb 2017
  • Investors take another bite of short DVB floater

    Germany’s DVB Bank tapped a three year senior bond on Tuesday, appealing to renewed appetite in the floating rate market and extending a run of recent bond reopenings.

    • 21 Feb 2017
Capital markets data from GlobalCapital


Go to GlobalCapital's FIG data pages for the most up to date information on the global financial institution bond markets. Find our FIG bond comments, FIG league tables by Dealogic and our priced deals database.

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The GlobalCapital View logo   Comment

  • Green mortgages can grow without regulatory help

    Proponents of “green mortgage loans”, lent against energy efficient homes, argue they are less likely to default and deserve a lower risk weighting than conventional mortgage lending. But it’s a long shot, and there are plenty of other ways to promote the market.

    • 21 Feb 2017

more comment

FIG Priced Deals Database

IssuerMaturitySize
Iccrea Banca21-Feb-20600
Deutsche Bank15-Apr-19500
Skandinaviska Enskilda Banken (SEB)17-Feb-22500
Deutsche Pfandbriefbank14-Feb-20150
ING Groep15-Feb-29750


Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 20 Feb 2017
1 Morgan Stanley 22,902.35 47 9.79%
2 Goldman Sachs 19,979.12 63 8.54%
3 Bank of America Merrill Lynch 19,349.44 40 8.27%
4 JPMorgan 14,028.73 51 6.00%
5 Citi 13,340.58 58 5.70%

Bookrunners of Global Covered Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 21 Feb 2017
1 HSBC 3,457.35 14 6.94%
2 Commerzbank Group 3,383.90 18 6.79%
3 SG Corporate & Investment Banking 3,124.37 12 6.27%
4 LBBW 2,926.97 13 5.88%
5 Credit Agricole CIB 2,712.14 12 5.44%

Bookrunners of Global Covered Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 21 Feb 2017
1 HSBC 3,457.35 14 6.94%
2 Commerzbank Group 3,383.90 18 6.79%
3 SG Corporate & Investment Banking 3,124.37 12 6.27%
4 LBBW 2,926.97 13 5.88%
5 Credit Agricole CIB 2,712.14 12 5.44%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 20 Feb 2017
1 Morgan Stanley 22,902.35 47 9.79%
2 Goldman Sachs 19,979.12 63 8.54%
3 Bank of America Merrill Lynch 19,349.44 40 8.27%
4 JPMorgan 14,028.73 51 6.00%
5 Citi 13,340.58 58 5.70%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 21 Feb 2017
1 Morgan Stanley 19,148.59 31 13.10%
2 Goldman Sachs 17,229.26 50 11.79%
3 Bank of America Merrill Lynch 12,479.68 27 8.54%
4 JPMorgan 11,287.70 33 7.72%
5 Citi 11,280.58 39 7.72%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 14 Feb 2017
1 SG Corporate & Investment Banking 2,728.11 10 5.02%
2 LBBW 2,154.63 7 3.97%
3 Commerzbank Group 2,105.32 7 3.88%
4 Credit Agricole CIB 1,987.58 8 3.66%
5 HSBC 1,572.51 5 2.90%

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
  • 21 Feb 2017
1 Credit Suisse 2,309.08 6 7.45%
2 Bank of America Merrill Lynch 1,499.19 8 4.84%
3 JPMorgan 1,236.52 7 3.99%
4 HSBC 1,133.72 7 3.66%
5 Credit Agricole CIB 1,034.32 6 3.34%