Nordea breaks through 4% barrier with €750m AT1

Nordea smashed the record for the lowest coupon on an additional tier one (AT1) in a core currency on Tuesday, as it racked up about €6bn of demand and ratcheted in the pricing from initial price thoughts by 50bp-75bp.

  • By Jasper Cox
  • 21 Nov 2017
The final coupon of 3.5% was the tightest ever for an AT1 in dollars, euros or sterling, beating the previous record of 4.75% achieved by HSBC in June, and Julius Baer Group, Jyske Bank and ABN Amro in September. A syndicate banker away from the deal called ...

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Bookrunners of Global Covered Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Natixis 6,265.11 26 5.56%
2 Credit Suisse 6,183.04 31 5.49%
3 UniCredit 6,112.88 36 5.43%
4 HSBC 5,754.79 32 5.11%
5 LBBW 5,373.19 30 4.77%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 35,381.73 166 6.54%
2 JPMorgan 35,214.43 130 6.51%
3 Bank of America Merrill Lynch 35,051.18 114 6.48%
4 Goldman Sachs 33,128.42 201 6.12%
5 Morgan Stanley 30,114.15 140 5.56%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Bank of America Merrill Lynch 30,558.66 92 11.21%
2 JPMorgan 30,238.21 90 11.09%
3 Citi 28,565.76 128 10.48%
4 Goldman Sachs 25,845.50 172 9.48%
5 Morgan Stanley 24,671.38 107 9.05%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Natixis 5,582.45 20 8.97%
2 Deutsche Bank 4,163.44 13 6.69%
3 UniCredit 3,902.49 16 6.27%
4 LBBW 3,521.48 15 5.66%
5 SG Corporate & Investment Banking 3,368.88 14 5.42%

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 HSBC 4,538.06 9 13.44%
2 UBS 3,374.07 13 9.99%
3 BNP Paribas 2,596.35 10 7.69%
4 Credit Agricole CIB 2,458.47 6 7.28%
5 SG Corporate & Investment Banking 2,055.39 8 6.09%