Commerzbank takes size in fives

Commerzbank returned to the covered bond market for the fourth time this year to issue its first five year Pfandbrief since 2015, and the largest in almost four years. At the same time, Stadtsparkasse Muenchen issued a sub-benchmark Pfandbrief and Nordea Eiendomskreditt was set to issue a small five year sterling floater.

  • By Bill Thornhill
  • 06 Jun 2018

All deals were launched amid renewed rates volatility and were likely to have benefited from safe haven appeal.

After issuing one 10 year and two seven year deals this year Commerzbank opened order books on Wednesday for a five year Hypothekenpfandbrief, having mandated Crédit Agricole ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.

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
  • Today
1 HSBC 4,538.06 9 12.66%
2 UBS 3,374.07 13 9.42%
3 BNP Paribas 2,596.35 10 7.25%
4 Credit Agricole CIB 2,458.47 6 6.86%
5 SG Corporate & Investment Banking 2,180.25 9 6.08%