HSBC hits Swiss francs

Credit Suisse, Royal Bank of Scotland and UBS sold HSBC Bank’s second senior unsecured deal in the Swiss franc market on Monday, a Sfr300m seven year tranche and a Sfr100m 10 year tranche. The leads priced the seven year at 45bp over mid-swaps, with the 10 year at 52bp. This level offered little new issue premium, with HSBC’s 2016 1.875% trading at 40bp over swaps.

  • 08 Mar 2011

The minimal new issue premium reflects HSBC’s rarity, as a non-Australian double A rated financial. HSBC France has covered bonds outstanding in the market, but there is only Sfr300m of HSBC Bank senior unsecured outstanding.

The deal largely went to institutional investors, mainly asset managers, banks and pension funds. The leads opened the ...

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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 6.05%
2 Citi 77,255.84 403 5.91%
3 Bank of America Merrill Lynch 76,833.52 308 5.87%
4 Goldman Sachs 70,741.60 609 5.41%
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 12.36%
2 BNP Paribas 5,156.76 22 8.40%
3 Barclays 4,776.16 18 7.78%
4 Credit Suisse 4,518.72 16 7.36%
5 UBS 3,877.49 18 6.32%