Deco to close tight despite Fitch doubts

Deutsche Bank’s Deco 2011-CSPK CMBS was set to price on Friday at levels that market participants called exceptionally tight. The senior notes in the CMBS, the first single asset tranched CMBS since the crisis, are offered at 175bp over three month Libor — only 25bp outside where UK RMBS deals from Lloyds and Santander placed notes of similar maturity.

  • 10 Jun 2011

The ‘B’ notes are offered at guidance of 250bp-275bp, and the ‘C’ notes are offered at 300bp-325bp.

One investor said that seeing the deal in the market was excellent news, but that their fund had passed on buying senior notes at the offered level.

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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 5.47%
2 UniCredit 9,192.82 61 5.18%
3 LBBW 8,744.00 54 4.93%
4 Natixis 8,477.22 42 4.78%
5 Credit Suisse 8,000.81 42 4.51%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Bank of America Merrill Lynch 64,642.45 228 6.57%
2 JPMorgan 63,002.07 249 6.40%
3 Citi 60,945.09 285 6.19%
4 Goldman Sachs 57,724.23 470 5.87%
5 Morgan Stanley 51,416.23 277 5.23%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Bank of America Merrill Lynch 54,011.37 190 11.14%
2 JPMorgan 53,201.53 180 10.97%
3 Citi 49,399.51 226 10.18%
4 Goldman Sachs 43,092.78 416 8.88%
5 Morgan Stanley 39,794.53 217 8.20%

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%