Natixis wriggles off capital hook with BPCE backing

Natixis looks set to escape most of the capital raising or deleveraging needed by its French peers, thanks to generous support from group parent BPCE.

  • 11 Nov 2011

It is raising 200bp of core tier one through a manoeuvre it calls "P3CI". BPCE is guaranteeing Natixis’s exposure to the group’s co-operative investment certificates, which are risk-weighted at 370%. This means Natixis can bring risk weighted assets down by €25.6bn.

The transaction also allows Natixis to repay €2.3bn ...

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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 3.02%
2 UniCredit 9,672.56 77 2.48%
3 BNP Paribas 9,051.42 45 2.32%
4 Commerzbank Group 8,371.43 55 2.14%
5 LBBW 8,178.05 50 2.09%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Morgan Stanley 104,923.90 439 6.82%
2 Citi 98,356.04 569 6.40%
3 Goldman Sachs 95,582.67 530 6.22%
4 Bank of America Merrill Lynch 92,828.47 401 6.04%
5 JPMorgan 88,684.81 426 5.77%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 83,984.67 439 10.79%
2 Bank of America Merrill Lynch 74,925.58 342 9.63%
3 JPMorgan 74,072.86 330 9.52%
4 Morgan Stanley 74,016.23 325 9.51%
5 Goldman Sachs 73,660.64 448 9.46%

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 3.14%
2 Credit Agricole CIB 5,608.30 21 3.11%
3 LBBW 5,605.63 20 3.11%
4 SG Corporate & Investment Banking 5,543.24 22 3.08%
5 Commerzbank Group 4,949.16 20 2.75%

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 12.31%
2 HSBC 9,014.48 37 11.73%
3 BNP Paribas 6,278.15 28 8.17%
4 Citi 4,542.03 36 5.91%
5 Credit Suisse 4,325.15 22 5.63%