Commerzbank EUR500m 6.5% PNC Apr 2031 AT1

  • By Tyler Davies
  • 10 Sep 2020

Rating:A1/BBB+/BBB

Amount:€500m of additional tier one paper

Maturity:Perpetual

First call period:9 October, 2029 to 9 April, 2030

Issue/reoffer price:100.00

Coupon:6.5%

Launched: Tuesday, September 8

Payment date:September 15

Joint books:Barclays, Bank of America, BNP Paribas, Commerzbank, Crédit Agricole


Bookrunners’ comment:

The trade ...

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Bookrunners of Global Covered Bonds

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 Credit Suisse 8.68 39 6.11%
2 LBBW 7.59 43 5.34%
3 UniCredit 6.73 45 4.74%
4 HSBC 6.54 32 4.60%
5 Natixis 6.20 31 4.37%

Bookrunners of Global FIG

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 BofA Securities 90.69 402 6.72%
2 JPMorgan 89.80 423 6.66%
3 Citi 66.21 364 4.91%
4 Morgan Stanley 64.40 312 4.77%
5 Wells Fargo Securities 55.03 206 4.08%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 BofA Securities 77.57 337 11.01%
2 JPMorgan 77.36 340 10.98%
3 Citi 58.15 302 8.25%
4 Wells Fargo Securities 52.44 194 7.44%
5 Morgan Stanley 52.34 234 7.43%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 LBBW 6.47 33 7.99%
2 Natixis 5.30 23 6.54%
3 Credit Agricole CIB 4.99 23 6.16%
4 Commerzbank Group 4.92 21 6.08%
5 UniCredit 4.70 21 5.80%

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 Barclays 6.09 29 9.07%
2 BNP Paribas 5.54 24 8.25%
3 Credit Agricole CIB 4.91 17 7.31%
4 Deutsche Bank 4.50 18 6.70%
5 Morgan Stanley 4.43 28 6.59%