Bail-out set to flush out senior bank bond blockage — flood of issuance likely

Financial instiutions bond bankers welcomed the EU bail-out package, as spreads for financial institution bonds tightened on Monday, saying that the market for new issues could re-open by the end of this week, with some market participants predicting a barrage of issuance over the next two months.

  • 10 May 2010

“This was clearly not a half-hearted measure and it has been very constructive,” said one investor. “If you inject this much liquidity it will take the pressure off for banks as it implies interest rates will not rise, and means Libor will also normalise.”

The effect of the rally ...

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Bookrunners of Global Covered Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 13,917.19 76 5.55%
2 UniCredit 12,799.14 93 5.10%
3 Natixis 11,641.40 66 4.64%
4 UBS 11,388.66 61 4.54%
5 LBBW 11,285.83 74 4.50%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 86,827.48 359 6.20%
2 Citi 78,755.88 421 5.63%
3 Bank of America Merrill Lynch 78,210.89 323 5.59%
4 Goldman Sachs 72,611.70 632 5.19%
5 HSBC 71,410.81 338 5.10%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 70,442.78 250 11.08%
2 Bank of America Merrill Lynch 64,846.97 270 10.20%
3 Citi 61,573.62 319 9.68%
4 Morgan Stanley 54,569.85 313 8.58%
5 Goldman Sachs 54,297.35 561 8.54%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Natixis 8,357.33 33 7.02%
2 Commerzbank Group 6,550.39 26 5.51%
3 Deutsche Bank 6,535.71 22 5.49%
4 UniCredit 6,513.66 27 5.47%
5 LBBW 6,441.23 28 5.41%

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 7,765.93 22 11.95%
2 BNP Paribas 5,338.58 23 8.22%
3 Barclays 5,124.61 20 7.89%
4 Credit Suisse 4,520.44 16 6.96%
5 UBS 3,976.00 19 6.12%