MPS completes as Italy sweats on contagion

Selling pressure on Banca Monte dei Paschi di Siena eased in the run up to completion of its Eu2.15bn rights issue on Friday allowing it to report acceptances of 99.91% on Monday even as the Italian banking sector tumbled. While MPS got away, the widening eurozone debt crisis threatens to draw in more Italian and Spanish banks as higher funding costs reduce their ability to earn their way to higher capital buffers, said one FIG specialist.

  • 11 Jul 2011

“The trickle into Spain and Italy is meaningful,” he said. “Banks that were earning 50bp of core tier one a quarter might only be earning 10bp and that will be a problem.”

After the near-failure of UBI Banca’s Eu1bn rights issue earlier in the summer — it fell through ...

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Bookrunners of Global Covered Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 23 Oct 2018
1 UniCredit 11,957.19 82 5.35%
2 HSBC 11,812.99 65 5.28%
3 LBBW 10,602.04 69 4.74%
4 Natixis 10,573.38 58 4.73%
5 UBS 10,527.02 56 4.71%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 77,132.37 330 6.17%
2 Citi 76,201.10 387 6.09%
3 Bank of America Merrill Lynch 74,653.42 293 5.97%
4 Goldman Sachs 69,816.41 579 5.58%
5 Morgan Stanley 64,853.68 362 5.18%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 63,271.72 232 10.70%
2 Bank of America Merrill Lynch 62,542.06 244 10.58%
3 Citi 59,326.59 289 10.04%
4 Goldman Sachs 53,047.08 514 8.97%
5 Morgan Stanley 50,309.20 281 8.51%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Natixis 7,713.92 29 7.27%
2 UniCredit 6,041.97 24 5.69%
3 LBBW 5,910.59 25 5.57%
4 Deutsche Bank 5,667.40 19 5.34%
5 Commerzbank Group 5,647.34 22 5.32%

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 12.82%
2 Barclays 4,776.16 18 8.08%
3 Credit Suisse 4,490.78 15 7.59%
4 BNP Paribas 4,171.68 19 7.05%
5 UBS 3,877.49 18 6.56%