Westpac sucks on stellar sterling demand

Westpac attracted substantial demand for its five year sterling floating rate deal on Thursday, with considerable investor liquidity ensuring a particularly attractive cost of funding.

  • By Bill Thornhill
  • 11 Jan 2018
Westpac was set to price its sterling five year floating rate issue at 24bp over three month Libor. Although the deal size had not been set at the time of going to press, demand stood at £575m ...

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Bookrunners of Global Covered Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Natixis 6,366.81 27 5.60%
2 Credit Suisse 6,294.71 32 5.54%
3 UniCredit 6,112.88 36 5.38%
4 HSBC 5,866.45 33 5.16%
5 LBBW 5,373.19 30 4.72%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Bank of America Merrill Lynch 39,079.96 117 7.06%
2 JPMorgan 36,305.96 133 6.56%
3 Citi 35,381.73 166 6.39%
4 Goldman Sachs 34,077.64 203 6.15%
5 Morgan Stanley 31,276.81 144 5.65%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 31,329.74 93 11.21%
2 Bank of America Merrill Lynch 30,566.41 94 10.93%
3 Citi 28,565.76 128 10.22%
4 Goldman Sachs 26,794.71 174 9.59%
5 Morgan Stanley 25,834.05 111 9.24%

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%