Rabobank EUR1bn 4.375% PNC2027 AT1

  • By David Freitas
  • 09 Jul 2020

Rating:Aa3/A+/AA-

Amount:€1bn of additional tier one paper

Maturity:Perpetual

First call date:29 December, 2027

Issue/reoffer price:100.00

Coupon:4.375%

Launched:Tuesday, July 7

Payment date:July 14

Joint books:Bank of America, Credit Suisse, Goldman Sachs, HSBC, Rabobank, UBS


Bookrunners’ comment:

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Bookrunners of Global Covered Bonds

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 Credit Suisse 7.77 33 6.44%
2 LBBW 6.43 36 5.33%
3 UniCredit 5.62 39 4.66%
4 HSBC 5.34 26 4.43%
5 Natixis 5.18 25 4.30%

Bookrunners of Global FIG

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 BofA Securities 78.18 337 7.03%
2 JPMorgan 77.03 349 6.92%
3 Citi 56.94 305 5.12%
4 Morgan Stanley 52.93 243 4.76%
5 Wells Fargo Securities 50.80 172 4.57%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 JPMorgan 66.94 279 11.28%
2 BofA Securities 66.40 280 11.19%
3 Citi 50.33 255 8.48%
4 Wells Fargo Securities 48.25 161 8.13%
5 Morgan Stanley 44.52 185 7.50%

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 8.25%
2 Natixis 4.40 18 6.68%
3 Commerzbank Group 4.28 18 6.51%
4 UniCredit 3.94 18 5.99%
5 Credit Agricole CIB 3.78 17 5.74%

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 5.18 20 9.14%
2 Barclays 4.97 25 8.77%
3 Credit Agricole CIB 4.09 11 7.22%
4 Deutsche Bank 3.94 15 6.96%
5 Credit Suisse 3.81 14 6.72%