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.

  • By Tyler Davies
  • 09 Feb 2017

Volatility has crept back into FIG credit spreads because the market has begun to fear that Marine Le Pen could win the French presidential elections in late April and early May.

A victory for Le Pen would cast doubt over the future of European integration, as she ...

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Bookrunners of Global Covered Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Natixis 2,220.67 8 6.42%
2 UniCredit 2,187.22 10 6.33%
3 UBS 2,159.55 11 6.25%
4 Credit Suisse 1,824.93 10 5.28%
5 Barclays 1,806.80 7 5.23%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Bank of America Merrill Lynch 9,521.89 21 8.73%
2 JPMorgan 8,827.11 25 8.09%
3 Citi 8,297.39 26 7.61%
4 Barclays 8,194.24 16 7.51%
5 UBS 7,075.76 11 6.49%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Bank of America Merrill Lynch 9,189.96 19 13.50%
2 JPMorgan 8,182.65 20 12.02%
3 Citi 7,477.94 20 10.98%
4 Wells Fargo Securities 6,724.12 7 9.88%
5 Goldman Sachs 5,078.25 17 7.46%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Natixis 2,071.95 7 9.04%
2 UBS 1,682.16 6 7.34%
3 UniCredit 1,662.07 7 7.25%
4 LBBW 1,541.66 6 6.73%
5 Deutsche Bank 1,380.66 4 6.02%

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 Credit Agricole CIB 1,031.57 1 27.24%
2 UBS 439.82 3 11.61%
3 Goldman Sachs 356.49 2 9.41%
3 Bank of America Merrill Lynch 356.49 2 9.41%
5 Lloyds Banking Group 249.35 1 6.58%