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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 12,659.07 70 5.27%
2 UniCredit 12,467.64 85 5.19%
3 Natixis 11,157.78 62 4.64%
4 LBBW 11,132.68 72 4.63%
5 UBS 10,837.07 59 4.51%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
View full table
For detailed analysis: Dealogic
  • Last updated
  • Today
1 JPMorgan 79,970.52 344 6.07%
2 Citi 77,410.28 411 5.88%
3 Bank of America Merrill Lynch 76,951.51 312 5.84%
4 Goldman Sachs 71,599.54 611 5.44%
5 Morgan Stanley 67,978.85 389 5.16%

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 64,727.90 263 10.43%
2 JPMorgan 64,710.03 242 10.42%
3 Citi 60,526.14 311 9.75%
4 Goldman Sachs 54,061.50 545 8.71%
5 Morgan Stanley 52,830.49 304 8.51%

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 8,242.30 32 7.11%
2 UniCredit 6,552.42 27 5.66%
3 LBBW 6,441.23 28 5.56%
4 Credit Agricole CIB 6,369.42 25 5.50%
5 Deutsche Bank 6,252.08 21 5.40%

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 HSBC 7,584.11 21 12.26%
2 BNP Paribas 5,156.76 22 8.34%
3 Barclays 4,776.16 18 7.72%
4 Credit Suisse 4,518.72 16 7.31%
5 UBS 3,976.00 19 6.43%