ING grabs 10 year TLAC with ‘sensible’ execution

ING sold €1bn of new senior unsecured bonds out of its holding company on Tuesday, leaving a small new issue premium of about 5bp for investors.

  • By Tyler Davies
  • 30 Nov 2017

CitiDeutsche Bank, ING, Société Générale and UBS ran the sale of the Dutch bank’s new January 2028 senior notes.

The bookrunners began with price thoughts in the high 60bp area over mid-swaps, but were able to guide investors into a spread of 60bp plus ...

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Bookrunners of Global Covered Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 7,466.45 40 5.70%
2 Natixis 7,203.12 31 5.50%
3 Credit Suisse 7,022.58 35 5.36%
4 LBBW 6,855.59 38 5.23%
5 UniCredit 6,528.35 40 4.98%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Bank of America Merrill Lynch 46,538.25 147 6.98%
2 Citi 42,730.19 207 6.41%
3 JPMorgan 42,104.91 172 6.32%
4 Goldman Sachs 38,945.82 268 5.84%
5 Morgan Stanley 38,549.63 184 5.78%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Bank of America Merrill Lynch 37,630.60 121 11.10%
2 JPMorgan 35,733.01 122 10.54%
3 Citi 34,819.94 160 10.27%
4 Goldman Sachs 31,136.63 235 9.18%
5 Morgan Stanley 30,197.39 146 8.91%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Natixis 6,119.91 22 8.95%
2 LBBW 4,244.39 18 6.21%
3 Deutsche Bank 4,163.44 13 6.09%
4 UniCredit 3,902.49 16 5.71%
5 SG Corporate & Investment Banking 3,848.68 16 5.63%

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 13.03%
2 UBS 3,374.07 13 9.69%
3 BNP Paribas 2,596.35 10 7.46%
4 Credit Agricole CIB 2,458.47 6 7.06%
5 SG Corporate & Investment Banking 2,180.25 9 6.26%