Credit Suisse plans to pay up for AT1

Credit Suisse was looking to complete to raise additional tier one (AT1) capital on Monday and to become only the second bank to launch a benchmark-sized transaction in the format since April.

  • By Jasper Cox
  • 09 Jul 2018

In the last two months only Danske Bank and Sydbank have issued AT1s, and Sydbank’s was only €100m in size.

But the asset class rose in price last week. This was despite the proposed tax change in the Netherlands to remove tax deductions for coupon ...

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Bookrunners of Global Covered Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 9,646.84 53 5.51%
2 UniCredit 9,064.27 59 5.18%
3 LBBW 8,471.98 52 4.84%
4 Natixis 8,380.29 41 4.79%
5 Credit Suisse 7,862.88 42 4.49%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 59,727.04 222 6.74%
2 Citi 55,646.78 262 6.28%
3 Bank of America Merrill Lynch 55,339.03 202 6.24%
4 Goldman Sachs 49,484.55 401 5.58%
5 Morgan Stanley 47,364.05 246 5.34%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 49,260.98 156 11.64%
2 Citi 45,649.30 205 10.78%
3 Bank of America Merrill Lynch 44,405.37 166 10.49%
4 Goldman Sachs 38,406.83 356 9.07%
5 Morgan Stanley 34,608.53 187 8.18%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Natixis 6,511.67 24 7.33%
2 UniCredit 5,302.66 21 5.97%
3 Deutsche Bank 5,002.94 16 5.64%
4 LBBW 4,811.97 20 5.42%
5 Commerzbank Group 4,809.31 18 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 4,729.28 11 11.92%
2 UBS 3,374.07 13 8.50%
3 BNP Paribas 2,704.23 11 6.81%
4 Credit Agricole CIB 2,458.47 6 6.20%
5 Credit Suisse 2,352.50 10 5.93%