Questions over Dexia subs as restructuring announced

As discussions heat up over European wide bank recapitalisations, market participants are taking a close look at Dexia’s subordinated debt and hybrid capital as fears grow over burden sharing. But not everyone is bearish.

  • 10 Oct 2011

The Belgian government is buying Dexia’s entity in that country, and the bank is in discussions with buyers over its French and Luxembourg subsidiaries. The Belgian, French and Luxembourg governments have extended a 10 year funding guarantee for Dexia SA and its subsidiary Dexia Crédit Local.

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Bookrunners of Global Covered Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 9,704.99 54 5.50%
2 UniCredit 9,192.82 61 5.21%
3 LBBW 8,744.00 54 4.96%
4 Natixis 8,477.22 42 4.81%
5 Credit Suisse 8,000.81 42 4.54%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Bank of America Merrill Lynch 64,476.14 226 6.61%
2 JPMorgan 62,964.77 247 6.46%
3 Citi 60,560.65 279 6.21%
4 Goldman Sachs 57,350.04 460 5.88%
5 Morgan Stanley 51,082.94 274 5.24%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Bank of America Merrill Lynch 53,845.06 188 11.16%
2 JPMorgan 53,164.23 178 11.02%
3 Citi 49,015.06 220 10.16%
4 Goldman Sachs 42,718.58 406 8.85%
5 Morgan Stanley 39,461.23 214 8.18%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Natixis 6,511.67 24 7.36%
2 UniCredit 5,302.66 21 5.99%
3 Deutsche Bank 5,002.94 16 5.66%
4 LBBW 4,987.08 21 5.64%
5 Commerzbank Group 4,984.41 19 5.63%

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 4,729.28 11 10.98%
2 Barclays 3,919.93 12 9.10%
3 UBS 3,374.07 13 7.83%
4 BNP Paribas 3,351.70 12 7.78%
5 Credit Agricole CIB 2,490.29 7 5.78%