Banque Fédérative du Crédit Mutuel EUR1bn 1.25% Jun 30 bail-in senior

  • By David Freitas
  • 28 May 2020

Rating:Aa3/A+/A+

Amount:€1bn of non-preferred senior paper

Maturity: 3 June, 2030

Issue/reoffer price: 99.32

Spread at reoffer: mid-swaps plus 143bp

Coupon: 1.25%

Launched: Tuesday, May 26

Payment date: June 3

Joint books: Citi, HSBC, NatWest Markets, Société Générale


Bookrunners’ comments

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Bookrunners of Global Covered Bonds

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 Credit Suisse 7.51 30 6.32%
2 LBBW 6.43 36 5.41%
3 UniCredit 5.61 38 4.72%
4 HSBC 5.24 25 4.41%
5 Natixis 5.18 25 4.36%

Bookrunners of Global FIG

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 JPMorgan 73.62 313 7.65%
2 BofA Securities 69.51 299 7.22%
3 Citi 53.99 273 5.61%
4 Wells Fargo Securities 49.35 148 5.13%
5 Morgan Stanley 48.88 208 5.08%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 JPMorgan 63.80 246 12.10%
2 BofA Securities 58.26 245 11.05%
3 Citi 47.95 227 9.09%
4 Wells Fargo Securities 46.80 137 8.87%
5 Morgan Stanley 40.99 156 7.77%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 LBBW 5.43 27 8.32%
2 Natixis 4.40 18 6.74%
3 Commerzbank Group 4.28 18 6.56%
4 UniCredit 3.94 18 6.04%
5 Credit Agricole CIB 3.69 16 5.65%

Global FIG Revenue

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 Morgan Stanley 0.37 497 7.62%
2 JPMorgan 0.33 618 6.92%
3 Bank of America Merrill Lynch 0.30 590 6.24%
4 Goldman Sachs 0.28 375 5.76%
5 Citi 0.26 592 5.51%

Bookrunners of European Subordinated FIG

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 5.25 19 10.41%
2 Deutsche Bank 3.86 14 7.66%
3 JPMorgan 3.60 27 7.14%
4 Barclays 3.52 22 6.98%
5 HSBC 3.26 23 6.46%