Bawag trades up as market digests supply

Austria’s Bawag (Bank für Arbeit und Wirtschaft) printed its first tier two deal on Wednesday and was rewarded on Thursday by a strong secondary market performance, after being convinced to increase the size of the deal to accommodate demand.

  • By Will Caiger-Smith
  • 24 Oct 2013

Lead managers Citi, Goldman Sachs and JP Morgan went out with guidance of 8.5% area for a no-grow €250m 10 year bullet deal on Wednesday.

The issuer roadshowed for the deal in September but was forced to abandon its immediate issuance plans when it could not find ...

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Bookrunners of Global Covered Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Natixis 2,220.67 8 6.41%
2 UniCredit 2,187.22 10 6.31%
3 UBS 2,159.55 11 6.23%
4 Credit Suisse 1,824.93 10 5.26%
5 Barclays 1,806.80 7 5.21%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Goldman Sachs 12,745.74 25 9.55%
2 Morgan Stanley 11,952.09 26 8.95%
3 Bank of America Merrill Lynch 9,510.22 21 7.12%
4 Barclays 9,168.66 18 6.87%
5 JPMorgan 8,863.17 26 6.64%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Goldman Sachs 12,192.75 22 13.66%
2 Morgan Stanley 10,975.91 20 12.29%
3 Bank of America Merrill Lynch 9,178.29 19 10.28%
4 JPMorgan 8,170.99 20 9.15%
5 Citi 7,477.94 20 8.38%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Natixis 2,071.95 7 9.04%
2 UBS 1,682.16 6 7.34%
3 UniCredit 1,662.07 7 7.25%
4 LBBW 1,541.66 6 6.73%
5 Deutsche Bank 1,380.66 4 6.02%

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 1,031.57 1 27.24%
2 UBS 439.82 3 11.61%
3 Goldman Sachs 356.49 2 9.41%
3 Bank of America Merrill Lynch 356.49 2 9.41%
5 Lloyds Banking Group 249.35 1 6.58%