DZ Bank responds to Swiss sub demand

DZ Bank ended a lull in Swiss franc bond issuance on Wednesday, selling a 10 year tier two deal. Zurich based syndicate bankers expect that August will be quiet aside from sporadic activity from frequent issuers, but DZ Bank was willing to respond to reverse inquiry to the lead manager.

  • By Nathan Collins
  • 07 Aug 2013

Sole lead Deutsche Bank priced the Sfr120m ($129.4m) 3.238% August 2023 paper at 172bp over mid-swaps.

“I don’t think it’s a secret that it was reverse enquiry driven,” said a syndicate banker away from the deal. “DZ Bank doesn’t have too much outstanding in Swiss francs, but the ...

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Bookrunners of Global Covered Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 UniCredit 8,974.41 77 6.09%
2 HSBC 8,340.23 42 5.66%
3 LBBW 8,280.86 47 5.62%
4 Barclays 6,490.00 33 4.40%
5 Natixis 6,473.22 31 4.39%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 45,058.32 233 6.16%
2 Bank of America Merrill Lynch 44,674.73 196 6.11%
3 JPMorgan 41,883.11 213 5.73%
4 Morgan Stanley 30,571.71 174 4.18%
5 HSBC 30,388.49 180 4.16%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Bank of America Merrill Lynch 36,341.87 161 11.22%
2 Citi 35,156.35 178 10.85%
3 JPMorgan 32,810.27 159 10.13%
4 Morgan Stanley 22,387.28 122 6.91%
5 Wells Fargo Securities 22,079.88 94 6.82%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Natixis 5,346.40 20 6.84%
2 LBBW 5,291.48 20 6.77%
3 HSBC 4,549.39 16 5.82%
4 Deutsche Bank 4,534.04 16 5.80%
5 Credit Agricole CIB 4,493.73 19 5.75%

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 5,933.32 13 16.41%
2 UBS 3,578.43 14 9.90%
3 Credit Agricole CIB 3,549.81 11 9.82%
4 BNP Paribas 2,554.19 12 7.07%
5 HSBC 1,977.94 14 5.47%