BBVA plans ahead in AT1

BBVA was set to replenish its additional tier one (AT1) capital base on Tuesday, launching a deal designed to give it more options when it comes to calling outstanding bonds.

  • By Jasper Cox
  • 19 Mar 2019

The Spanish bank set out initial price thoughts in the 6.375% area for the perpetual non-call five year trade.

Bookrunners later announced final terms of 6% with an unreconciled order book at more than €2.5bn. BBVA had earmarked a size in the €750m-€1bn range at the outset ...

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Bookrunners of Global Covered Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 UniCredit 11,200.49 94 5.96%
2 HSBC 10,542.32 56 5.61%
3 LBBW 8,901.56 52 4.74%
4 UBS 7,552.91 45 4.02%
5 Natixis 7,512.33 39 4.00%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 71,997.72 361 6.15%
2 Bank of America Merrill Lynch 68,200.93 324 5.82%
3 Citi 62,952.74 357 5.37%
4 Morgan Stanley 54,307.94 287 4.64%
5 Goldman Sachs 48,879.00 415 4.17%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 57,314.66 278 11.25%
2 Bank of America Merrill Lynch 55,383.87 271 10.87%
3 Citi 50,304.89 278 9.88%
4 Morgan Stanley 39,776.49 200 7.81%
5 Goldman Sachs 36,684.69 352 7.20%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Natixis 6,100.80 24 6.43%
2 UniCredit 5,850.62 28 6.16%
3 LBBW 5,801.16 24 6.11%
4 Credit Agricole CIB 5,400.00 24 5.69%
5 HSBC 5,187.54 20 5.46%

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 6,543.85 18 11.43%
2 UBS 4,747.22 25 8.29%
3 BNP Paribas 4,643.73 22 8.11%
4 Credit Suisse 3,901.61 15 6.82%
5 JPMorgan 3,758.36 29 6.57%