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 12,659.07 70 5.35%
2 UniCredit 12,127.14 83 5.12%
3 LBBW 10,943.55 71 4.62%
4 UBS 10,837.07 59 4.58%
5 Natixis 10,799.35 60 4.56%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 78,545.19 341 6.03%
2 Citi 77,248.51 402 5.93%
3 Bank of America Merrill Lynch 76,833.52 308 5.90%
4 Goldman Sachs 70,739.11 604 5.43%
5 Morgan Stanley 67,369.77 382 5.18%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 64,710.03 242 10.45%
2 Bank of America Merrill Lynch 64,638.73 260 10.44%
3 Citi 60,418.28 303 9.76%
4 Goldman Sachs 54,058.43 539 8.73%
5 Morgan Stanley 52,460.86 299 8.47%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Natixis 7,883.86 30 6.98%
2 LBBW 6,252.10 27 5.53%
3 Deutsche Bank 6,252.08 21 5.53%
4 UniCredit 6,211.91 25 5.50%
5 Credit Agricole CIB 6,198.22 24 5.48%

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 12.61%
2 Barclays 4,776.16 18 7.94%
3 BNP Paribas 4,744.51 21 7.89%
4 Credit Suisse 4,518.72 16 7.51%
5 UBS 3,877.49 18 6.45%