Lone Bradesco cuts T2 costs as $1bn flies before stock rout

Brazil’s Banco Bradesco capitalised on low global interest rates to price a $1.1bn long 10 year bond on Monday, with the lowest ever coupon for a lower tier two issue from the country.

  • 13 Aug 2010

As the only Latin American corporate issuer in the cross-border dollar debt markets this week, Bradesco had the limelight to itself, and demonstrated the depth of demand for Brazilian financial paper. It was the bank’s first issue of subordinated debt in dollars since May 2005.

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Bookrunners of Global Covered Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 UniCredit 9,147.87 79 5.93%
2 HSBC 8,592.02 43 5.57%
3 LBBW 8,280.86 47 5.37%
4 Natixis 6,643.65 32 4.31%
5 Barclays 6,490.00 33 4.21%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Bank of America Merrill Lynch 48,901.95 209 6.32%
2 Citi 46,478.69 244 6.01%
3 JPMorgan 43,647.95 226 5.64%
4 Morgan Stanley 32,340.90 187 4.18%
5 HSBC 31,599.60 195 4.08%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 25 Jun 2019
1 Bank of America Merrill Lynch 40,005.70 171 11.86%
2 Citi 36,163.90 186 10.72%
3 JPMorgan 34,106.52 168 10.11%
4 Morgan Stanley 23,766.77 132 7.05%
5 Wells Fargo Securities 22,505.90 98 6.67%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Natixis 5,516.84 21 6.98%
2 LBBW 5,291.48 20 6.70%
3 Credit Agricole CIB 4,664.16 20 5.90%
4 HSBC 4,549.39 16 5.76%
5 Deutsche Bank 4,534.04 16 5.74%

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 Barclays 5,933.32 13 16.20%
2 UBS 3,778.43 15 10.32%
3 Credit Agricole CIB 3,549.81 11 9.69%
4 BNP Paribas 2,554.19 12 6.97%
5 HSBC 1,977.94 14 5.40%