Lloyds and Santander choose yen for MREL

Lloyds is set to follow Santander in selling Samurai bonds this week, as European banks look to the yen market as a funding base for loss-absorbing debt.

  • By Tyler Davies
  • 04 Dec 2017

Lloyds was marketing a new offering of senior notes from its holding company on Monday, with Mizuho and Nomura acting as joint lead managers for the trade.

The UK issuer said it was looking to price two tranches of debt towards the end of this week. Guidance pricing for ...

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Bookrunners of Global Covered Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Credit Suisse 7,022.58 35 5.70%
2 HSBC 6,999.55 36 5.69%
3 Natixis 6,515.38 28 5.29%
4 UniCredit 6,410.63 39 5.21%
5 LBBW 6,099.50 34 4.95%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Bank of America Merrill Lynch 46,399.06 142 7.19%
2 Citi 42,112.14 199 6.53%
3 JPMorgan 41,623.03 165 6.45%
4 Goldman Sachs 38,346.43 256 5.94%
5 Morgan Stanley 37,124.00 177 5.75%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Bank of America Merrill Lynch 37,563.93 117 11.24%
2 JPMorgan 35,618.29 118 10.66%
3 Citi 34,267.93 153 10.26%
4 Goldman Sachs 30,537.25 223 9.14%
5 Morgan Stanley 30,195.53 143 9.04%

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 8.81%
2 Deutsche Bank 4,163.44 13 6.57%
3 UniCredit 3,902.49 16 6.16%
4 LBBW 3,756.32 16 5.93%
5 SG Corporate & Investment Banking 3,603.72 15 5.69%

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 13.07%
2 UBS 3,374.07 13 9.72%
3 BNP Paribas 2,596.35 10 7.48%
4 Credit Agricole CIB 2,458.47 6 7.08%
5 SG Corporate & Investment Banking 2,180.25 9 6.28%