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 2,007.05 8 7.35%
2 Barclays 1,796.79 8 6.58%
3 UniCredit 1,612.51 9 5.90%
4 DNB Markets 1,577.99 3 5.78%
5 RBC Capital Markets 1,529.57 5 5.60%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 3,754.46 8 8.10%
2 Citi 3,099.14 12 6.68%
3 SG Corporate & Investment Banking 2,856.43 6 6.16%
4 Bank of America Merrill Lynch 2,525.67 10 5.45%
5 UBS 2,487.84 9 5.37%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 4,205.29 10 16.76%
2 BNP Paribas 2,841.66 4 11.33%
3 JPMorgan 2,481.15 13 9.89%
4 Bank of America Merrill Lynch 2,083.58 8 8.31%
5 Goldman Sachs 2,049.00 6 8.17%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Natixis 1,277.72 4 8.80%
2 Barclays 1,252.42 5 8.62%
3 Credit Agricole CIB 1,206.85 4 8.31%
4 SG Corporate & Investment Banking 1,183.61 4 8.15%
5 UniCredit 1,182.66 4 8.14%

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 JPMorgan 201.08 2 18.64%
1 Bank of America Merrill Lynch 201.08 2 18.64%
3 UniCredit 113.58 1 10.53%
3 SG Corporate & Investment Banking 113.58 1 10.53%
3 Citi 113.58 1 10.53%