Investors challenged as senior levels tighten

Demand for new senior financial institution bonds showed signs of waning on Tuesday as issuers piled into the market at some of the tightest levels seen for almost two years.

  • 25 Nov 2009

While order books were still covered, the level of oversubscription has not matched recent levels.

“We are beginning to find a bit of a floor in the market and some of the levels we are seeing, we hadn’t seen in something like two and a half years,” said ...

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Bookrunners of Global Covered Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 2,273.18 10 6.97%
2 UniCredit 1,963.45 12 6.02%
3 SG Corporate & Investment Banking 1,891.30 9 5.80%
4 LBBW 1,875.05 11 5.75%
5 Barclays 1,854.12 9 5.68%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 8,201.44 15 10.04%
2 Citi 7,855.38 24 9.61%
3 Wells Fargo Securities 5,887.91 6 7.21%
4 JPMorgan 5,473.47 21 6.70%
5 Morgan Stanley 4,949.43 16 6.06%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Wells Fargo Securities 5,887.91 6 13.67%
2 Citi 5,738.91 19 13.33%
3 JPMorgan 5,372.59 20 12.48%
4 Morgan Stanley 4,639.07 13 10.77%
5 BNP Paribas 2,991.66 6 6.95%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 LBBW 1,441.13 6 8.73%
2 Credit Agricole CIB 1,378.34 5 8.35%
3 SG Corporate & Investment Banking 1,372.68 5 8.31%
4 Natixis 1,277.72 4 7.74%
5 Barclays 1,252.42 5 7.58%

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 JPMorgan 131.18 2 10.67%
1 Bank of America Merrill Lynch 131.18 2 10.67%
3 UniCredit 127.02 2 10.33%
4 BNP Paribas 123.62 2 10.05%
5 UBS 87.50 1 7.12%