Barclays waits on ‘tactical’ Euroyen amid Brexit noise

Barclays has prepared new issuance in Japan while it waits out this week’s Brexit drama. The yen market is proving popular among European banks, which are taking advantage of favourable conditions to make total loss-absorbing capacity (TLAC) issuance.

  • By Tyler Davies
  • 14 Mar 2019

Barclays said on Monday that it picked its own bank, Mizuho, MUFG and SMBC Nikko to arrange the sale of a “Japanese yen-denominated Reg S bond offering”. It did not give details about the possible tenor, product type or pricing.

A banker on the mandate said ...

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Bookrunners of Global Covered Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 UniCredit 10,226.87 87 6.02%
2 HSBC 9,674.59 50 5.69%
3 LBBW 8,393.04 48 4.94%
4 Natixis 7,217.47 36 4.25%
5 UBS 7,025.55 38 4.13%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Bank of America Merrill Lynch 52,051.78 238 5.84%
2 Citi 51,670.64 278 5.79%
3 JPMorgan 51,080.22 263 5.73%
4 Morgan Stanley 37,731.07 213 4.23%
5 Goldman Sachs 35,336.68 307 3.96%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Bank of America Merrill Lynch 42,487.11 196 11.16%
2 JPMorgan 40,694.28 200 10.69%
3 Citi 40,470.97 213 10.63%
4 Morgan Stanley 27,539.54 145 7.24%
5 Goldman Sachs 27,138.47 257 7.13%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Natixis 5,939.43 23 6.77%
2 LBBW 5,403.66 21 6.16%
3 UniCredit 5,082.55 24 5.79%
4 HSBC 5,076.13 19 5.78%
5 Credit Agricole CIB 4,965.07 22 5.66%

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 Barclays 6,170.54 15 14.50%
2 UBS 4,233.38 20 9.95%
3 BNP Paribas 3,846.71 16 9.04%
4 Credit Agricole CIB 3,549.81 11 8.34%
5 HSBC 2,155.16 15 5.06%