Latest Bank/Insurance Capital news

  • Banco Santander EUR750m 6.75% PNC5 AT1

    • 20 Apr 2017
  • QBE kick-starts insurance green market with debut

    Australia’s QBE Insurance group offered the latest example of innovation in the green bond market this week, opening books on the insurance sector’s first ever deal in the format.

    • 20 Apr 2017
  • Chinese city banks ready onslaught of offshore AT1s

    Asia’s bond markets are preparing for record China offshore issuance this year, driven by the ambitious funding plans of city commercial banks. Bankers expect at least $20bn of bank capital transactions to hit screens with pricing likely to be tight thanks to support from onshore investors.

    • 20 Apr 2017
  • QBE gears up for first insurance green bond

    Australia’s QBE Insurance Group is looking to become the first insurer to sell a green bond, having mandated banks for a new transaction on Wednesday.

    • 19 Apr 2017
  • Credit Bank of Moscow lines up for debut AT1

    Credit Bank of Moscow is going further down the capital structure with its second subordinated trade of the year, and will meet investors for what will be only the second additional tier one trade from Russia.

    • 19 Apr 2017
  • Russians keep EM bonds going amid political noise

    Political power plays in Turkey and the UK have done little to derail EM bond markets this week, but the pipeline is thinner than before Easter, and limited to Russian borrowers.

    • 19 Apr 2017
  • Dollars in focus as blackouts and elections curb euro supply for FIG

    US banks having been piling back into the dollar market after publishing their results for the first quarter of 2017, while upcoming elections in the UK and France have helped subdue supply in euros.

    • 19 Apr 2017
  • Santander finds AT1 demand as political uncertainty mounts

    Santander opened order books for a perpetual non-call five year additional tier one (PNC5 AT1) on Tuesday and found ready demand, despite mounting anti-EU sentiment in French opinion polls and an early election being called in the UK.

    • 18 Apr 2017
  • C-ROSS core T2 back in play with CCB Life

    CCB Life Insurance Company on Wednesday sold a core tier two subordinated bond under China’s Risk-Oriented Solvency System (C-ROSS), becoming only the second issuer to do so. While the offshore market has seen increasing supply from Mainland insurers, the outlook for more core T2 issuance is unclear.

    • 13 Apr 2017
  • Chinese FIGs courting investors in force

    Bank of China, CCB Life Insurance and Citic Securities kicked off investor meetings and calls this week, in pursuit of Reg S deals.

    • 10 Apr 2017

Bank/Insurance Capital news archive



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Bookrunners of Global Covered Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 Apr 2017
1 HSBC 4,946.45 21 6.58%
2 Commerzbank Group 4,025.24 24 5.36%
3 UniCredit 3,981.56 30 5.30%
4 SG Corporate & Investment Banking 3,839.27 16 5.11%
5 LBBW 3,832.35 17 5.10%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 03 Apr 2017
1 Goldman Sachs 35,449.67 139 7.74%
2 Morgan Stanley 34,987.32 115 7.64%
3 Bank of America Merrill Lynch 28,660.24 106 6.26%
4 JPMorgan 26,590.60 127 5.80%
5 Citi 25,441.59 152 5.55%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 11 Apr 2017
1 Morgan Stanley 28,331.16 93 10.52%
2 Goldman Sachs 27,492.42 121 10.21%
3 Bank of America Merrill Lynch 23,356.59 95 8.67%
4 Citi 23,275.99 129 8.64%
5 JPMorgan 22,925.88 99 8.51%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 Apr 2017
1 SG Corporate & Investment Banking 3,598.86 14 9.07%
2 LBBW 3,164.12 11 7.98%
3 BNP Paribas 2,664.21 9 6.72%
4 Commerzbank Group 2,654.38 10 6.69%
5 Credit Agricole CIB 2,428.94 10 6.12%

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
  • 11 Apr 2017
1 Credit Suisse 3,180.28 13 10.15%
2 BNP Paribas 2,841.61 13 9.07%
3 Barclays 2,669.79 10 8.52%
4 Citi 2,294.04 17 7.32%
5 HSBC 2,141.36 16 6.83%