Latest Bank/Insurance Capital news

  • Moved to tiers: Spanish banks could reopen red hot AT1

    A number of financial institutions have distanced themselves from the primary market for additional tier one (AT1) bonds this week, but there is no doubting that the asset class has been on fire in 2017. It is only a matter of time before supply restarts, and Spanish banks will be first in line, writes Tyler Davies.

    • 16 Feb 2017
  • FIG market gears up for fast restart after a quiet but sound week

    Healthy secondary movements and successful new deals from Deutsche Bank and a second tier Italian name suggest investors are hungry for more FIG paper. Bankers are therefore hoping for a strong start to issuance next week.

    • 16 Feb 2017
  • Quiet primary belies strong conditions in FIG

    Healthy secondary movement and successful new deals from Deutsche Bank and a second tier Italian name suggest investors are hungry for more FIG paper, though the market has been quiet this week.

    • 15 Feb 2017
  • Deutsche sees changes to German TLAC law, no AT1 in 2017

    Deutsche Bank told investors this week that Germany’s new insolvency regime may have to be updated for the European Commission’s harmonisation proposals. The bank also said it was not planning on raising additional tier one capital this year.

    • 14 Feb 2017
  • FIG primary on edge but ready for right deals at right prices

    The FIG market was gripped by a bout of volatility this week, causing new issue premiums to rise and order books to shrink. But primary markets will still be there to support the growing number of financial institutions exiting earnings blackouts.

    • 09 Feb 2017
  • SocGen turns in resilient results as markets thrive

    Société Générale showed it was on a steady forward march on Thursday, posting a robust set of results that benefited from resilient performances across both its retail and investment banking arms.

    • 09 Feb 2017
  • Indian AT1s to relish RBI relaxation on coupons

    The Reserve Bank of India is giving lenders a helping hand when it comes to paying coupons on their additional tier one debt, by allowing them to dip into their statutory reserves. Although the flexibility on coupon payments is beneficial, weaker banks will still struggle to come offshore for capital. Addison Gong reports.

    • 09 Feb 2017
  • ING grabs first holdco T2 in nervous FIG market

    ING successfully sold its first holding company level tier two since it changed its point of resolution last year, though new issue premiums have been rising and order books shrinking as European election fears set in.

    • 08 Feb 2017
  • Long awaited UK student loan sale breaks cover

    The UK government delivered a potential boost to Europe’s stagnant securitization market on Monday with its announcement that it plans to raise £12bn through securitizing part of its book of student loans by the end of 2021. The first deal from the scheme, backed by around £4bn of loans, is expected this year.

    • 08 Feb 2017
  • Caixa twice subscribed in smooth tier two return

    CaixaBank comfortably raised €1bn of new tier two capital on Tuesday, despite signs that executing trades could start to grow trickier in February.

    • 07 Feb 2017

Bank/Insurance Capital news archive



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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.

Bookrunners of Global Covered Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 14 Feb 2017
1 HSBC 3,088.32 12 6.80%
2 Commerzbank Group 2,828.25 14 6.23%
3 SG Corporate & Investment Banking 2,728.11 10 6.01%
4 LBBW 2,714.88 12 5.98%
5 Credit Agricole CIB 2,712.14 12 5.97%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 13 Feb 2017
1 Bank of America Merrill Lynch 18,484.12 34 8.89%
2 Morgan Stanley 17,182.07 39 8.27%
3 Goldman Sachs 16,245.61 57 7.82%
4 Citi 12,689.53 50 6.11%
5 Barclays 10,920.76 32 5.25%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 14 Feb 2017
1 Morgan Stanley 14,998.97 26 5.85%
2 Goldman Sachs 13,527.01 45 5.28%
3 Bank of America Merrill Lynch 11,723.73 24 4.57%
4 Citi 10,818.74 34 4.22%
5 Wells Fargo Securities 9,038.73 13 3.53%

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
  • 14 Feb 2017
1 Credit Suisse 2,309.08 6 15.05%
2 Bank of America Merrill Lynch 1,499.19 8 9.77%
3 JPMorgan 1,236.52 7 8.06%
4 HSBC 1,133.72 7 7.39%
5 Credit Agricole CIB 1,034.32 6 6.74%