BPM finds senior success depsite uncertain backdrop in Italy

Banco BPM sold €500m of senior bonds with a 'modest' new issue premium on Monday, against an uncertain political backdrop in Italy after parties prolonged talks to form a new government.

  • By Tyler Davies
  • 16 Apr 2018

Bookrunners Banca Akros, BNP Paribas, Banca IMI, Bank of America Merrill Lynch, Deutsche Bank and Goldman Sachsopened books on the new five year preferred senior bond with initial price thoughts of 150bp area over mid-swaps.

The bookrunners guided investors towards a ...

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Bookrunners of Global Covered Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Natixis 6,265.11 26 5.59%
2 Credit Suisse 6,183.04 31 5.52%
3 UniCredit 6,106.76 35 5.45%
4 HSBC 5,429.80 30 4.84%
5 LBBW 5,373.19 30 4.79%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Bank of America Merrill Lynch 35,000.04 113 6.59%
2 JPMorgan 34,599.81 126 6.51%
3 Goldman Sachs 32,815.80 199 6.18%
4 Citi 31,653.83 162 5.96%
5 Morgan Stanley 29,898.86 137 5.63%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Bank of America Merrill Lynch 30,558.66 92 11.53%
2 JPMorgan 29,776.03 87 11.23%
3 Goldman Sachs 25,658.32 171 9.68%
4 Citi 24,837.87 124 9.37%
5 Morgan Stanley 24,459.20 105 9.23%

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 13.45%
2 UBS 3,374.07 13 10.00%
3 BNP Paribas 2,596.35 10 7.69%
4 Credit Agricole CIB 2,458.47 6 7.29%
5 SG Corporate & Investment Banking 2,055.39 8 6.09%