Budget boost gives hope to outcast Italian banks

Italian banks rushed to make use of favourable market conditions this week, with Banca Monte dei Paschi di Siena and UBI Banca bringing new deals and Fineco Bank lining up an additional tier one (AT1). The window opened after the EU and the Italian government settled their scrap over the latter's budget targets, but market participants fear it won't stay open for long. Daivd Freitas reports.

  • By David Freitas
  • 04 Jul 2019

Conditions for Italian borrowers have turned around completely in the space of just a few days, with financial institutions that had previously been shut out of the market finding that they had once again gained access to funding or capital.

The catalyst came on Wednesday, when the European Commission ...

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Bookrunners of Global Covered Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 UniCredit 11,332.79 95 5.96%
2 HSBC 10,972.62 59 5.77%
3 LBBW 9,011.90 53 4.74%
4 Natixis 7,644.64 40 4.02%
5 UBS 7,552.91 45 3.97%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 73,095.56 369 6.12%
2 Bank of America Merrill Lynch 69,514.17 331 5.82%
3 Citi 63,937.83 360 5.36%
4 Morgan Stanley 55,986.39 294 4.69%
5 Goldman Sachs 49,140.25 417 4.12%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 57,936.14 283 11.20%
2 Bank of America Merrill Lynch 56,228.96 276 10.87%
3 Citi 51,289.99 281 9.92%
4 Morgan Stanley 41,313.23 206 7.99%
5 Goldman Sachs 36,684.69 352 7.09%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Natixis 6,233.11 25 6.44%
2 UniCredit 5,982.92 29 6.19%
3 LBBW 5,801.16 24 6.00%
4 Credit Agricole CIB 5,587.66 25 5.78%
5 HSBC 5,507.50 22 5.69%

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 11.26%
2 UBS 5,041.69 27 8.67%
3 BNP Paribas 4,643.73 22 7.99%
4 JPMorgan 3,983.89 30 6.85%
5 Credit Suisse 3,901.61 15 6.71%