Credit Bank of Moscow uses novel put to take $200m

Credit Bank of Moscow sold a $200m three year Eurobond with yield of 8.25% on Thursday, using a innovative put option that allows investors to demand the deal be repaid at par if the bank is downgraded one notch by both Moody’s and Fitch. The two agencies rate the note B1 and B+.

  • 28 Jul 2011

Raiffeisen Bank International arranged the deal and a roadshow to Vienna and London that began last Wednesday.

"It’s not a usual option but then this market environment isn’t usual either and it provides comfort to investors," Norbert Koelch, a senior origination official at RBI. "There’s still a lot of ...

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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 5.33%
2 UniCredit 12,296.44 84 5.18%
3 Natixis 10,968.65 61 4.62%
4 LBBW 10,943.55 71 4.61%
5 UBS 10,837.07 59 4.56%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 79,113.16 343 6.04%
2 Citi 77,255.84 403 5.90%
3 Bank of America Merrill Lynch 76,833.52 308 5.87%
4 Goldman Sachs 70,741.60 609 5.40%
5 Morgan Stanley 67,928.10 386 5.19%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 64,710.03 242 10.43%
2 Bank of America Merrill Lynch 64,638.73 260 10.42%
3 Citi 60,425.61 304 9.74%
4 Goldman Sachs 54,060.91 544 8.71%
5 Morgan Stanley 52,824.12 302 8.52%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Natixis 8,053.17 31 7.07%
2 UniCredit 6,381.22 26 5.60%
3 LBBW 6,252.10 27 5.49%
4 Deutsche Bank 6,252.08 21 5.49%
5 Credit Agricole CIB 6,198.22 24 5.44%

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 12.34%
2 BNP Paribas 5,156.76 22 8.39%
3 Barclays 4,776.16 18 7.77%
4 Credit Suisse 4,518.72 16 7.35%
5 UBS 3,877.49 18 6.31%