Investors are still hot for Santander’s senior non-preferred note

Santander placed three taps of a senior non-preferred May 2023 line on May 19, raising a total of €270m. The issuer was one of the first Spanish banks to issue this type of private placement, which drew significant investor demand.

  • By Sharon Kits Kimathi
  • 25 May 2017
The Spanish bank was one of the first financial institutions to print a senior non-preferred note that goes towards its total loss absorbing capacity (TLAC), with Crédit Agricole as the first ever bank to sell this type of financial instrument. The French bank hired Commerzbank,

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.

Bookrunners of Global Covered Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 UniCredit 3,250.65 16 6.35%
2 Natixis 3,234.24 13 6.32%
3 Credit Suisse 2,767.40 14 5.41%
4 UBS 2,689.30 14 5.25%
5 LBBW 2,556.50 12 5.00%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Morgan Stanley 15,874.32 53 7.11%
2 Bank of America Merrill Lynch 15,775.66 42 7.06%
3 JPMorgan 15,640.16 50 7.00%
4 Goldman Sachs 15,581.12 65 6.97%
5 Citi 13,628.95 56 6.10%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Goldman Sachs 14,508.45 57 10.75%
2 Bank of America Merrill Lynch 14,450.46 36 10.70%
3 JPMorgan 13,926.70 37 10.31%
4 Morgan Stanley 13,389.81 42 9.92%
5 Citi 12,466.23 46 9.23%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Natixis 3,073.07 11 9.75%
2 UniCredit 2,350.27 9 7.46%
3 SG Corporate & Investment Banking 2,239.57 9 7.11%
4 UBS 2,070.46 8 6.57%
5 Deutsche Bank 2,015.15 7 6.39%

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 UBS 2,355.83 6 25.50%
2 Credit Agricole CIB 2,031.40 2 21.99%
3 Barclays 505.57 3 5.47%
4 JPMorgan 490.48 3 5.31%
5 Bank of America Merrill Lynch 439.82 3 4.76%