Santander had ‘much higher bid’ for Popular, sources claim

Santander had lined up a “much higher bid” than the €1 it paid for Banco Popular last summer, claimed sources close to the Spanish bank’s resolution. They argued that the sales process would have been more competitive if the Single Resolution Board had allowed potential rescue bidders more time to consider their positions.

  • By Tyler Davies
  • 09 Feb 2018

The criticism emerged following the SRB’s decision to publish a non-confidential version of Deloitte’s valuation report, as well as a number of other documents relating to the decision to put Popular into resolution and then sell it to Santander for €1.

A group of bondholders, which ...

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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%