SMBC gets big US bid for $2bn dual-trancher

US investors jumped on a $2bn issue from Sumitomo Mitsui Banking Corp this week, driving price discussions for a deal that quickly tightened to within a whisker of outstanding bonds from the higher-rated Rabobank.

  • 15 Jul 2010

Barclays Capital, Citi and Goldman Sachs arranged the Aa2/A+ rated deal, and built a huge order book between three and five year tranches which priced at Treasury spreads of 118bp and 137.5bp, respectively.

US investors drove the issue after the bookrunners approached them with price whispers on Tuesday. The ...

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Bookrunners of Global Covered Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 11,789.48 61 3.02%
2 UniCredit 9,672.56 77 2.48%
3 BNP Paribas 9,051.42 45 2.32%
4 Commerzbank Group 8,371.43 55 2.14%
5 LBBW 8,178.05 50 2.09%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Morgan Stanley 104,923.90 439 6.82%
2 Citi 98,356.04 569 6.40%
3 Goldman Sachs 95,582.67 530 6.22%
4 Bank of America Merrill Lynch 92,828.47 401 6.04%
5 JPMorgan 88,684.81 426 5.77%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 83,984.67 439 10.79%
2 Bank of America Merrill Lynch 74,925.58 342 9.63%
3 JPMorgan 74,072.86 330 9.52%
4 Morgan Stanley 74,016.23 325 9.51%
5 Goldman Sachs 73,660.64 448 9.46%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 5,645.35 19 3.14%
2 Credit Agricole CIB 5,608.30 21 3.11%
3 LBBW 5,605.63 20 3.11%
4 SG Corporate & Investment Banking 5,543.24 22 3.08%
5 Commerzbank Group 4,949.16 20 2.75%

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 9,461.63 27 12.31%
2 HSBC 9,014.48 37 11.73%
3 BNP Paribas 6,278.15 28 8.17%
4 Citi 4,542.03 36 5.91%
5 Credit Suisse 4,325.15 22 5.63%