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Banesto launches sub LM, Sabadell buys back €110m

Banco Español de Crédito (Banesto) launched a buyback of preferred securities at deep discounts to par this week, while fellow Spanish lender Banco de Sabadell revealed subdued take-up levels on its cash tender offer.

  • 14 Sep 2012

Banesto is targeting two of its three outstanding euro denominated preference shares, with a total face value of €325m.

Investors can tender a €125m CMS-lined non-cumulative perpetual at 52% of par, and a €200m non-cumulative perp at 61% of par. Those prices offer around a 10 point premium ...

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Bookrunners of Global Covered Bonds

Rank Lead Manager Amount $m No of issues Share %
View full table
For detailed analysis: Dealogic
  • Last updated
  • Today
1 HSBC 6,314.80 30 6.51%
2 UniCredit 5,757.33 48 5.94%
3 LBBW 5,650.96 32 5.83%
4 Natixis 4,708.38 22 4.85%
5 Credit Agricole CIB 4,632.01 23 4.78%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
View full table
For detailed analysis: Dealogic
  • Last updated
  • Today
1 Citi 25,438.29 122 6.99%
2 JPMorgan 24,499.20 108 6.73%
3 Bank of America Merrill Lynch 22,347.02 90 6.14%
4 Morgan Stanley 19,861.29 104 5.46%
5 Goldman Sachs 18,121.76 154 4.98%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
View full table
For detailed analysis: Dealogic
  • Last updated
  • Today
1 Bank of America Merrill Lynch 20,187.92 74 10.87%
2 Citi 20,179.64 96 10.87%
3 JPMorgan 19,509.84 85 10.51%
4 Morgan Stanley 16,529.18 77 8.90%
5 Goldman Sachs 15,636.39 136 8.42%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
View full table
For detailed analysis: Dealogic
  • 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 %
View full table
For detailed analysis: Dealogic
  • 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 %
View full table
For detailed analysis: Dealogic
  • Last updated
  • Today
1 Credit Agricole CIB 3,286.19 8 13.90%
2 UBS 3,110.84 10 13.15%
3 Barclays 2,579.55 5 10.91%
4 BNP Paribas 2,246.30 9 9.50%
5 HSBC 1,533.23 10 6.48%