Expectations grow for third round of TLTROs

There is increasing confidence among market participants that the European Central Bank will renew its policy of providing banks with cheap financing, given the arrival of tougher issuance conditions and more stringent liquidity requirements.

  • By Tyler Davies
  • 05 Nov 2018

European banks have borrowed a whopping €730bn from two rounds of the targeted longer-term refinancing operations, which gave them an opportunity to take out four year loans with the ECB at attractive rates of interest.

Though these auctions officially ended in March 2017, there is speculation that ...

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Bookrunners of Global Covered Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 6,931.77 33 6.31%
2 LBBW 6,339.70 36 5.77%
3 UniCredit 6,316.04 54 5.75%
4 Natixis 5,053.55 24 4.60%
5 Barclays 4,895.61 26 4.46%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 35,201.33 164 7.04%
2 Bank of America Merrill Lynch 32,632.36 129 6.53%
3 JPMorgan 31,343.81 146 6.27%
4 Morgan Stanley 22,599.17 127 4.52%
5 BNP Paribas 19,563.50 77 3.91%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Bank of America Merrill Lynch 28,638.78 104 12.31%
2 Citi 27,077.87 127 11.64%
3 JPMorgan 24,977.97 114 10.73%
4 Morgan Stanley 18,209.45 90 7.83%
5 Goldman Sachs 15,248.74 159 6.55%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 LBBW 4,185.21 16 7.11%
2 Natixis 4,178.19 15 7.09%
3 HSBC 3,974.99 14 6.75%
4 Credit Agricole CIB 3,687.68 15 6.26%
5 Deutsche Bank 3,304.65 12 5.61%

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 Credit Agricole CIB 3,286.19 8 11.28%
2 Barclays 3,229.69 10 11.08%
3 UBS 3,210.90 11 11.02%
4 BNP Paribas 2,554.19 12 8.76%
5 HSBC 1,754.26 12 6.02%