Spanish banks down but not out in ECP market but Portuguese names KO’d

Flows of Spanish bank paper in the European commercial paper market have yet to recover despite actions by authorities to stem market panic, and Portuguese banks will likely be forced to find new investors and may have to cut their CP funding.

  • 12 May 2010

Spanish bank issuance remains light, and bankers believe that investors are likely to wait at least another week before dipping their toes back in.

“We’re not seeing much flow from the Spanish banking sector, though there are bits and pieces,” said one CP dealer in London. “What the authorities’ ...

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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 6.04%
2 UniCredit 9,672.56 77 4.95%
3 BNP Paribas 9,051.42 45 4.63%
4 Commerzbank Group 8,371.43 55 4.29%
5 LBBW 8,178.05 50 4.19%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Morgan Stanley 104,751.34 436 6.85%
2 Citi 98,203.64 567 6.42%
3 Goldman Sachs 95,417.51 527 6.24%
4 Bank of America Merrill Lynch 92,584.40 398 6.05%
5 JPMorgan 88,251.80 423 5.77%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 83,832.26 437 10.82%
2 Bank of America Merrill Lynch 74,681.50 339 9.64%
3 Morgan Stanley 73,896.55 323 9.54%
4 JPMorgan 73,639.86 327 9.50%
5 Goldman Sachs 73,540.96 446 9.49%

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 6.27%
2 Credit Agricole CIB 5,608.30 21 6.23%
3 LBBW 5,605.63 20 6.23%
4 SG Corporate & Investment Banking 5,543.24 22 6.16%
5 Commerzbank Group 4,949.16 20 5.50%

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%