DG finds good interest as active start to next week predicted

DG Hyp issued a €500m nine year Pfandbrief on Friday with demand of €1bn and a concession of about 5bp. The deal follows an active week in covered bonds and comes ahead of what is likely to be another busy week before the European Central Bank meeting — partly reflecting continued execution uncertainty in the senior unsecured market.

  • By Bill Thornhill
  • 08 Jun 2018

Around 60 accounts placed orders of more than €1bn at the reoffer spread for the €500m AAA Standard & Poor’s rated nine year mortgage backed Pfandbrief issued by DG Hypothekenbank. 

The deal was jointly led by BayernLB, Deutsche Bank, DZ Bank,Erste Group and Natixis. ...

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Bookrunners of Global Covered Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 10,728.85 61 5.44%
2 UniCredit 9,811.25 71 4.98%
3 LBBW 9,637.48 64 4.89%
4 Natixis 9,284.51 48 4.71%
5 Commerzbank Group 9,151.46 56 4.64%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 73,578.00 306 6.49%
2 Bank of America Merrill Lynch 70,348.05 260 6.21%
3 Citi 68,699.90 339 6.06%
4 Goldman Sachs 64,029.97 519 5.65%
5 HSBC 59,592.84 271 5.26%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 58,641.47 209 10.88%
2 Bank of America Merrill Lynch 58,465.13 211 10.85%
3 Citi 54,463.73 254 10.11%
4 Goldman Sachs 47,604.00 456 8.84%
5 Morgan Stanley 45,516.35 249 8.45%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Natixis 6,934.65 26 7.33%
2 Commerzbank Group 5,481.12 21 5.80%
3 UniCredit 5,302.66 21 5.61%
4 Deutsche Bank 5,233.70 17 5.54%
5 LBBW 5,218.04 22 5.52%

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 5,772.23 17 11.05%
2 Barclays 4,243.94 15 8.12%
3 Credit Suisse 4,111.44 13 7.87%
4 UBS 3,802.05 17 7.28%
5 BNP Paribas 3,641.74 15 6.97%