Capital and covered in focus as FIG heats up

The bank capital market is beginning to show signs of the predicted deluge of September supply, with HSBC bringing its first tier two bond in three years on Tuesday, Crédit Agricole on the road for a Coco, and Intesa Sanpaolo Vita meeting investors for a euro subordinated deal. Covered bonds have also been pouring out this week, but while the senior pipeline is bulging, there were no deals in the euro market on Tuesday or Wednesday — and the deals that came on Monday had mixed fortunes.

  • By Will Caiger-Smith
  • 04 Sep 2013
HSBC’s €1.5bn 10 year non-call five deal, its first tier two since 2010 and its first in euros since 2009, was priced at 195bp over mid-swaps on Tuesday. Bankers said other names were circling the tier two market, with some ...

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Bookrunners of Global Covered Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 11,789.48 61 3.02%
2 UniCredit 9,672.56 77 2.48%
3 BNP Paribas 9,051.42 45 2.32%
4 Commerzbank Group 8,371.43 55 2.14%
5 LBBW 8,178.05 50 2.09%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Morgan Stanley 104,923.90 439 6.82%
2 Citi 98,356.04 569 6.40%
3 Goldman Sachs 95,582.67 530 6.22%
4 Bank of America Merrill Lynch 92,828.47 401 6.04%
5 JPMorgan 88,684.81 426 5.77%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 83,984.67 439 10.79%
2 Bank of America Merrill Lynch 74,925.58 342 9.63%
3 JPMorgan 74,072.86 330 9.52%
4 Morgan Stanley 74,016.23 325 9.51%
5 Goldman Sachs 73,660.64 448 9.46%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 5,645.35 19 3.14%
2 Credit Agricole CIB 5,608.30 21 3.11%
3 LBBW 5,605.63 20 3.11%
4 SG Corporate & Investment Banking 5,543.24 22 3.08%
5 Commerzbank Group 4,949.16 20 2.75%

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 Barclays 9,461.63 27 12.31%
2 HSBC 9,014.48 37 11.73%
3 BNP Paribas 6,278.15 28 8.17%
4 Citi 4,542.03 36 5.91%
5 Credit Suisse 4,325.15 22 5.63%