Helaba finds favour in sixes

Landesbank Hessen-Thüringen Girozentrale (Helaba) and Sparkasse Pforzheim Calw issued tightly priced Pfandbriefe with quite limited demand on Thursday.

  • By Bill Thornhill
  • 01 Feb 2018

Helaba dispensed with initial price thoughts and opened order books for its February 2024 with the intention of pricing in the guidance range of 18bp though mid-swaps plus or minus 2bp.

In contrast to most Pfandbrief issuers, Helaba typically issues in larger size of €750m-€1.25bn.

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Bookrunners of Global Covered Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 7,419.40 39 5.74%
2 Natixis 7,203.12 31 5.57%
3 Credit Suisse 7,022.58 35 5.43%
4 LBBW 6,855.59 38 5.30%
5 UniCredit 6,528.35 40 5.05%

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 7.01%
2 Citi 42,730.19 207 6.43%
3 JPMorgan 42,104.91 172 6.34%
4 Goldman Sachs 38,932.82 267 5.86%
5 Morgan Stanley 37,635.93 183 5.67%

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 11.11%
2 JPMorgan 35,733.01 122 10.55%
3 Citi 34,819.94 160 10.28%
4 Goldman Sachs 31,123.63 234 9.19%
5 Morgan Stanley 30,197.39 146 8.92%

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 9.11%
2 LBBW 4,244.39 18 6.32%
3 Deutsche Bank 4,163.44 13 6.20%
4 UniCredit 3,902.49 16 5.81%
5 SG Corporate & Investment Banking 3,848.68 16 5.73%

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%