Investors debate Monte tier two as NPL securitization progresses

Financial institutions bond investors were assessing this week whether or not they should invest in Banca Monte dei Paschi di Siena’s first deal since its recapitalisation by the state last summer.

  • By Bill Thornhill, Tyler Davies
  • 10 Jan 2018

The bank began a roadshow for a new 10 year non-call five tier two on Monday, with more than 80 accounts involved in the discussions.

MPS will be hoping that investors attracted to the yield on offer, despite the fact that some of them may have lost ...

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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 5.59%
2 Credit Suisse 6,183.04 31 5.52%
3 UniCredit 6,106.76 35 5.45%
4 HSBC 5,429.80 30 4.84%
5 LBBW 5,373.19 30 4.79%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Bank of America Merrill Lynch 35,000.04 113 6.70%
2 Goldman Sachs 32,811.18 199 6.28%
3 Citi 31,553.83 161 6.04%
4 JPMorgan 31,000.32 124 5.93%
5 Morgan Stanley 26,148.86 136 5.01%

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 11.87%
2 JPMorgan 26,176.55 85 10.17%
3 Goldman Sachs 25,658.32 171 9.97%
4 Citi 24,737.87 123 9.61%
5 Morgan Stanley 20,709.20 104 8.04%

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 8.97%
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 4,457.17 8 13.24%
2 UBS 3,374.07 13 10.02%
3 BNP Paribas 2,596.35 10 7.71%
4 Credit Agricole CIB 2,377.58 5 7.06%
5 SG Corporate & Investment Banking 2,055.39 8 6.10%