Investors snap up Dexia exit option

Dexia Credit Local hit a 92% take-up rate on an offer to buy back a tier one at less than a quarter of par value, it announced on Thursday. Investors tendered €643.8m of the €700m tier one note that was eligible for buyback at 24% of par.

  • 15 Mar 2012

DCL closed the offer on Wednesday, two days later than originally scheduled, after it extended the offer to allow investors to digest two ratings downgrades on the notes. Moody’s and Fitch downgraded the notes to C, from CC and Ca, respectively, while the buyback was open.

The bank ...

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Bookrunners of Global Covered Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 11,789.48 61 6.03%
2 UniCredit 9,672.56 77 4.94%
3 BNP Paribas 9,051.42 45 4.63%
4 Commerzbank Group 8,371.43 55 4.28%
5 LBBW 8,276.69 51 4.23%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Morgan Stanley 105,250.27 441 6.82%
2 Citi 98,660.81 571 6.39%
3 Goldman Sachs 95,673.87 531 6.20%
4 Bank of America Merrill Lynch 93,136.34 403 6.03%
5 JPMorgan 88,684.81 426 5.75%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 84,201.33 440 10.76%
2 Bank of America Merrill Lynch 75,241.97 344 9.62%
3 Morgan Stanley 74,178.45 327 9.48%
4 JPMorgan 74,072.86 330 9.47%
5 Goldman Sachs 73,760.37 449 9.43%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 5,645.35 19 6.27%
2 Credit Agricole CIB 5,608.30 21 6.23%
3 LBBW 5,605.63 20 6.23%
4 SG Corporate & Investment Banking 5,543.24 22 6.16%
5 Commerzbank Group 4,949.16 20 5.50%

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 Barclays 9,461.63 27 12.16%
2 HSBC 9,214.48 38 11.84%
3 BNP Paribas 6,278.15 28 8.07%
4 Citi 4,542.03 36 5.84%
5 Credit Suisse 4,325.15 22 5.56%