Santander brings first AT1 in six weeks with Caixa to follow

Santander opened books on Monday on the first public additional tier one (AT1) deal since January, and CaixaBank is also lining up a transaction in the asset class.

  • By Jasper Cox
  • 12 Mar 2018


The final coupon for the deal was set at 4.75%, from initial pricethoughts in the 5% area. This makes the bond the tightest AT1 the bank has printed.

The size of the order book was around €5bn, allowing bookrunners BNP ParibasHSBCMorgan Stanley and Santanderto set a final deal ...

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Bookrunners of Global Covered Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 8,539.81 48 5.71%
2 LBBW 7,986.15 46 5.34%
3 Natixis 7,841.57 37 5.24%
4 UniCredit 7,668.29 46 5.12%
5 Credit Suisse 7,360.16 38 4.92%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Bank of America Merrill Lynch 51,037.05 182 6.67%
2 JPMorgan 50,548.66 200 6.61%
3 Citi 46,505.24 237 6.08%
4 Goldman Sachs 42,702.47 323 5.58%
5 Morgan Stanley 41,716.34 218 5.45%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 42,187.21 143 11.07%
2 Bank of America Merrill Lynch 41,685.25 152 10.94%
3 Citi 38,330.74 188 10.06%
4 Goldman Sachs 34,708.41 289 9.11%
5 Morgan Stanley 32,672.22 174 8.57%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Natixis 6,263.92 23 8.12%
2 LBBW 4,811.97 20 6.24%
3 UniCredit 4,780.36 19 6.20%
4 SG Corporate & Investment Banking 4,208.56 18 5.46%
5 Deutsche Bank 4,163.44 13 5.40%

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
  • 19 Jun 2018
1 HSBC 4,538.06 9 12.76%
2 UBS 3,374.07 13 9.48%
3 BNP Paribas 2,596.35 10 7.30%
4 Credit Agricole CIB 2,458.47 6 6.91%
5 SG Corporate & Investment Banking 2,180.25 9 6.13%