DZ merger creates biggest Pfandbrief issuer

The merger between DG Hyp and WL Bank has become legally effective and the rebranded entity, DZ Hyp, is now the largest German Pfandbrief issuer.

  • By Bill Thornhill
  • 01 Aug 2018

The merger was legally registered on July 17 after WL Bank shifted its assets and liabilities to DG Hyp. The merged entity has been rebranded DZ Hyp and is a fully owned subsidiary of DZ Bank.

With assets of €75bn and almost €45bn of Pfandbriefe outstanding, DZ ...

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Bookrunners of Global Covered Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 UniCredit 11,957.19 82 5.36%
2 HSBC 11,812.99 65 5.29%
3 LBBW 10,602.04 69 4.75%
4 UBS 10,527.02 56 4.72%
5 Natixis 10,458.17 56 4.68%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 76,957.45 328 6.17%
2 Citi 76,201.10 387 6.11%
3 Bank of America Merrill Lynch 74,603.42 292 5.98%
4 Goldman Sachs 69,690.96 577 5.58%
5 Morgan Stanley 64,628.40 358 5.18%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 63,096.80 230 10.69%
2 Bank of America Merrill Lynch 62,492.06 243 10.59%
3 Citi 59,326.59 289 10.05%
4 Goldman Sachs 52,921.63 512 8.97%
5 Morgan Stanley 50,083.92 277 8.48%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Natixis 7,713.92 29 7.27%
2 UniCredit 6,041.97 24 5.69%
3 LBBW 5,910.59 25 5.57%
4 Deutsche Bank 5,667.40 19 5.34%
5 Commerzbank Group 5,647.34 22 5.32%

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 7,584.11 21 12.82%
2 Barclays 4,776.16 18 8.08%
3 Credit Suisse 4,490.78 15 7.59%
4 BNP Paribas 4,171.68 19 7.05%
5 UBS 3,877.49 18 6.56%