Mistimed Zurich deal proves dollar market not bulletproof

While bankers said they hoped strong results from US banks this week could revive the market, some raised concerns about the US market after Zurich Insurance pulled a dual tranche dollar deal on Tuesday.

  • 13 Apr 2012

The dual tranche five and ten year deal was intended partly to refinance €800m of senior debt which is due this Saturday. But bankers close to the deal said it had been pulled because of poor market conditions. "They chose an awful day to go out," said one.

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Bookrunners of Global Covered Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 5,239.87 22 7.07%
2 Barclays 4,135.60 21 5.58%
3 UniCredit 4,051.06 32 5.46%
4 LBBW 4,045.18 22 5.46%
5 Natixis 3,766.40 16 5.08%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 16,009.02 70 7.52%
2 Morgan Stanley 13,179.54 64 6.19%
3 JPMorgan 13,100.43 56 6.15%
4 Goldman Sachs 12,657.95 85 5.95%
5 BNP Paribas 11,455.48 34 5.38%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 11,811.28 46 10.73%
2 Citi 11,687.10 53 10.62%
3 Goldman Sachs 11,446.94 77 10.40%
4 Morgan Stanley 11,022.13 49 10.01%
5 Bank of America Merrill Lynch 9,769.97 38 8.88%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Natixis 3,255.83 11 7.35%
2 HSBC 3,089.99 10 6.97%
3 LBBW 3,017.42 12 6.81%
4 Barclays 2,870.45 11 6.48%
5 Credit Agricole CIB 2,847.49 11 6.43%

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 UBS 2,550.05 5 22.22%
2 Credit Agricole CIB 1,563.81 4 13.62%
3 HSBC 984.09 6 8.57%
4 Deutsche Bank 695.24 5 6.06%
5 Santander 660.14 4 5.75%