Bernanke offers only light relief as senior spreads widen

With Wednesday’s Federal Open Market Committee meeting finally out of the way, bank treasurers can get back to looking at their secondary levels and seeing if a primary deal makes economic sense. But with investors pricing in fears sparked by Fed chairman Ben Bernanke’s plans to reduce the US government’s asset purchase programme this year, with a view to ending it altogether in 2014, as long as his conditions are met, bankers worry that many borrowers will be unwilling to issue.

  • By Tom Porter
  • 20 Jun 2013

The Fed left policy unchanged on Wednesday, but declared in its statement that downside risks to the economy and the labour market had diminished since last autumn. 

But Bernanke’s comments on asset purchases prompted an immediate fall in US stocks and a jump in Treasury yields, moves that ...

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Bookrunners of Global Covered Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 12,539.55 69 5.33%
2 UniCredit 11,957.19 82 5.09%
3 UBS 10,837.07 59 4.61%
4 LBBW 10,773.61 70 4.58%
5 Natixis 10,629.41 59 4.52%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 77,923.41 335 6.04%
2 Citi 76,908.67 394 5.97%
3 Bank of America Merrill Lynch 76,247.85 304 5.91%
4 Goldman Sachs 70,209.02 594 5.45%
5 Morgan Stanley 66,628.43 375 5.17%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 64,153.09 237 10.49%
2 Bank of America Merrill Lynch 64,053.06 256 10.48%
3 Citi 60,158.63 297 9.84%
4 Goldman Sachs 53,564.70 530 8.76%
5 Morgan Stanley 51,719.52 292 8.46%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Natixis 7,713.92 29 6.88%
2 Deutsche Bank 6,252.08 21 5.57%
3 Credit Agricole CIB 6,198.22 24 5.53%
4 LBBW 6,082.16 26 5.42%
5 UniCredit 6,041.97 24 5.39%

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 HSBC 7,584.11 21 12.72%
2 Barclays 4,776.16 18 8.01%
3 Credit Suisse 4,518.72 16 7.58%
4 BNP Paribas 4,247.72 20 7.12%
5 UBS 3,877.49 18 6.50%