Debt for equity strategy efficient, says Commerz capital head

Commerzbank’s debt for equity swap proved an efficient way to raise core tier one, the bank’s head of capital management told EuroWeek Bank Finance.

  • 06 Mar 2012

Norbert Dörr, head of capital management and planning at Commerzbank, said the structure of the deal — buying back capital securities with equity — put less pressure on the bank’s share price than a rights issue might have.

“The price at which we placed the notes was better ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.

Bookrunners of Global Covered Bonds

Rank Lead Manager Amount $m No of issues Share %
  • 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 %
  • 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 %
  • 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 %
  • 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 %
  • 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 12.26%
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%