NAB adds to Aussie GG buyback spree

National Australia Bank became the latest bank to buy back government guaranteed bonds set to mature in 2012. It follows buyback offers from Investec Australia and Citigroup Australia. However, NAB’s offer is the biggest (and tightest so far).

  • 01 Dec 2010

NAB is offering to buy back A$1.62bn of FRN notes and A$1.33bn of fixed rate notes, the entire issue. It is offering a rate of mid-swaps flat for the FRN.

Australian banks are competing aggressively for deposits, partly as a result of APRA rules which favour deposit funding over ...

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Bookrunners of Global Covered Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 UniCredit 8,310.39 68 6.30%
2 HSBC 7,642.52 38 5.79%
3 LBBW 7,461.99 41 5.66%
4 Natixis 5,933.30 28 4.50%
5 Barclays 5,557.78 30 4.21%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 41,805.72 207 6.68%
2 Bank of America Merrill Lynch 40,837.44 161 6.53%
3 JPMorgan 36,144.47 175 5.78%
4 HSBC 27,258.93 156 4.36%
5 Morgan Stanley 27,224.67 154 4.35%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Bank of America Merrill Lynch 33,794.74 133 11.90%
2 Citi 32,925.41 161 11.59%
3 JPMorgan 29,216.73 136 10.29%
4 Morgan Stanley 19,909.37 108 7.01%
5 Goldman Sachs 17,871.55 176 6.29%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 LBBW 5,089.85 19 7.10%
2 Natixis 4,918.89 18 6.86%
3 HSBC 4,323.51 15 6.03%
4 Credit Agricole CIB 4,174.25 17 5.82%
5 UniCredit 4,163.16 19 5.81%

Global FIG Revenue

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
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 Credit Agricole CIB 3,549.81 11 11.46%
2 UBS 3,334.58 12 10.77%
3 Barclays 3,229.69 10 10.43%
4 BNP Paribas 2,554.19 12 8.25%
5 HSBC 1,877.94 13 6.07%