QBE tests appetite for first AT1 social bond

QBE was looking to sell a new additional tier one (AT1) within the terms of its gender equality bond framework on Thursday, becoming the first financial institution to market hybrid capital as a social bond.

  • By Tyler Davies
  • 09 Nov 2017

Joint bookrunners Crédit Agricole, HSBC and Morgan Stanley opened pricing for the perpetual non-call eight year instrument in the 5.75% area. The leads had not set a guidance range when GlobalCapital published.

According to the terms of QBE’s gender equality bond framework, the Australian insurance ...

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Bookrunners of Global Covered Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 UniCredit 11,036.33 93 5.90%
2 HSBC 10,542.32 56 5.64%
3 LBBW 8,737.41 51 4.67%
4 Natixis 7,512.33 39 4.02%
5 UBS 7,388.75 44 3.95%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 71,782.08 359 6.16%
2 Bank of America Merrill Lynch 67,912.34 323 5.83%
3 Citi 62,519.03 354 5.37%
4 Morgan Stanley 54,245.44 286 4.66%
5 Goldman Sachs 48,546.78 413 4.17%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 57,323.59 278 11.27%
2 Bank of America Merrill Lynch 55,455.30 272 10.91%
3 Citi 50,202.89 277 9.87%
4 Morgan Stanley 39,713.99 199 7.81%
5 Goldman Sachs 36,582.69 351 7.19%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Natixis 6,100.80 24 6.48%
2 UniCredit 5,686.46 27 6.04%
3 LBBW 5,637.01 23 5.99%
4 Credit Agricole CIB 5,400.00 24 5.74%
5 HSBC 5,187.54 20 5.51%

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 Barclays 6,543.85 18 11.90%
2 UBS 4,539.34 24 8.25%
3 BNP Paribas 4,443.73 21 8.08%
4 Credit Suisse 3,901.61 15 7.10%
5 JPMorgan 3,758.36 29 6.83%