ApoBank lines up after busy start to 2018

Deutsche Apotheker-und Aerztebank (apoBank) has mandated joint leads for a seven year Pfandbrief. It follows one of the busiest starts to the covered bond market in years. With a more limited supply outlook spreads should stay stable for now. But with yields rising and relative value declining, core European borrowers will become ever more reliant on the Eurosystem to support their deals.

  • By Bill Thornhill
  • 05 Feb 2018

ApoBank has mandated Commerzbank, DZ Bank, LBBW and UniCredit to joint lead manage its €500m no-grow seven year Hypothekenpfandbrief benchmark which will be rated AAA with Standard & Poor’s and will be executed on Tuesday, subject to market conditions.

The transaction follows a €1bn ...

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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%