Easy as ABC: Agricultural Bank prices $500m debut

Agricultural Bank of China Hong Kong managed to price 20bp tighter than initial guidance for its debut US dollar bond as investors took the opportunity to get direct exposure to Chinese bank credit.

  • By Lorraine Cushnie
  • 06 Dec 2013
Books opened on Tuesday morning for the five year deal, with initial price thoughts in the Treasuries plus 170bp area. By lunchtime, when London investors began considering the trade, the order book was already $1bn for a deal that was aiming to raise about $500m, said a syndicate ...

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Bookrunners of Global Covered Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 6,314.80 30 6.53%
2 UniCredit 5,757.33 48 5.95%
3 LBBW 5,650.96 32 5.84%
4 Natixis 4,708.38 22 4.87%
5 Credit Agricole CIB 4,632.01 23 4.79%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 25,305.84 121 7.02%
2 JPMorgan 24,280.35 106 6.73%
3 Bank of America Merrill Lynch 21,984.95 88 6.10%
4 Morgan Stanley 19,748.28 103 5.48%
5 Goldman Sachs 18,121.76 154 5.03%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Bank of America Merrill Lynch 20,187.92 74 10.89%
2 Citi 20,179.64 96 10.89%
3 JPMorgan 19,459.84 84 10.50%
4 Morgan Stanley 16,529.18 77 8.92%
5 Goldman Sachs 15,636.39 136 8.44%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Natixis 3,944.55 14 7.40%
2 HSBC 3,694.64 13 6.93%
3 LBBW 3,692.39 14 6.93%
4 Credit Agricole CIB 3,687.68 15 6.92%
5 Deutsche Bank 3,304.65 12 6.20%

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 Credit Agricole CIB 3,286.19 8 13.95%
2 UBS 3,110.84 10 13.21%
3 Barclays 2,579.55 5 10.95%
4 BNP Paribas 2,246.30 9 9.54%
5 HSBC 1,533.23 10 6.51%