Portugal fears lock banks out of debt markets

Country risk fears are likely to lock Portuguese banks out of the debt markets in the short term in spite of broadly positive third quarter results and this week’s parliamentary approval of the 2011 budget, said bankers. With Portuguese CDS continuing to widen, economic worries mean that banks would struggle to launch primary deals until conditions improve.

  • 05 Nov 2010

"The problem is not Portuguese companies or banks," said a DCM banker in Lisbon. "Investors are concerned about the country itself. It’s a country risk issue."

Banks are certainly keen to issue. Banco Comercial Português and Caixa Geral de Depósitos have both met debt investors recently, and Banco Espírito ...

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Bookrunners of Global Covered Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 10,728.85 61 5.34%
2 UniCredit 10,041.71 74 5.00%
3 LBBW 9,752.95 65 4.85%
4 Natixis 9,399.97 49 4.68%
5 Commerzbank Group 9,317.67 57 4.64%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 74,275.20 309 6.45%
2 Bank of America Merrill Lynch 71,688.10 265 6.23%
3 Citi 70,268.02 350 6.10%
4 Goldman Sachs 65,241.22 525 5.67%
5 HSBC 61,420.90 277 5.33%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 60,985.86 215 11.02%
2 Bank of America Merrill Lynch 59,969.47 219 10.84%
3 Citi 55,716.51 263 10.07%
4 Goldman Sachs 49,225.99 464 8.89%
5 Morgan Stanley 45,917.96 255 8.30%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Natixis 6,934.65 26 7.16%
2 Commerzbank Group 5,647.34 22 5.83%
3 SG Corporate & Investment Banking 5,470.19 24 5.65%
4 UniCredit 5,468.87 22 5.64%
5 Deutsche Bank 5,233.70 17 5.40%

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 7,022.22 19 12.74%
2 Barclays 4,410.61 16 8.00%
3 Credit Suisse 4,278.10 14 7.76%
4 BNP Paribas 3,808.41 16 6.91%
5 UBS 3,802.05 17 6.90%