NAB hunts for cheap dual-tranche deal in euros

National Australia Bank went to investors on Monday with a dual-tranche deal, looking to make use of favourable conditions in the euro market. It was the first Australian name to issue euro-denominated notes since Westpac in November 2018.

  • By David Freitas
  • 13 May 2019

The Australian financial services company offered a senior unsecured five year and 12 year dual tranche bond with BNP Paribas, HSBC, National Australia Bank and UBS as deal bookrunners.

The five year and 12 year notes started at initial price thoughts of 50bp area over ...

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Bookrunners of Global Covered Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 UniCredit 8,974.41 77 5.90%
2 HSBC 8,592.02 43 5.65%
3 LBBW 8,280.86 47 5.44%
4 Barclays 6,490.00 33 4.26%
5 Natixis 6,473.22 31 4.25%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Bank of America Merrill Lynch 48,377.80 206 6.35%
2 Citi 46,289.08 242 6.08%
3 JPMorgan 43,272.98 224 5.68%
4 Morgan Stanley 32,027.81 185 4.20%
5 HSBC 31,394.70 193 4.12%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Bank of America Merrill Lynch 39,681.52 169 11.81%
2 Citi 36,163.90 186 10.76%
3 JPMorgan 33,931.52 167 10.10%
4 Morgan Stanley 23,766.77 132 7.07%
5 Wells Fargo Securities 22,356.72 97 6.65%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Natixis 5,346.40 20 6.84%
2 LBBW 5,291.48 20 6.77%
3 HSBC 4,549.39 16 5.82%
4 Deutsche Bank 4,534.04 16 5.80%
5 Credit Agricole CIB 4,493.73 19 5.75%

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 5,933.32 13 16.21%
2 UBS 3,778.43 15 10.32%
3 Credit Agricole CIB 3,549.81 11 9.70%
4 BNP Paribas 2,554.19 12 6.98%
5 HSBC 1,977.94 14 5.40%