CajaSur seizure gives push to Spanish mergers

Consolidation in the Spanish savings bank sector took on new momentum this week after the Bank of Spain seized CajaSur and four other cajas agreed merger terms — soon after three others moved ahead with their link-up. Spanish sovereign and financial credit spreads tightened in reaction, with market participants welcoming the impetus state support has given to the wave of link-ups.

  • 28 May 2010
The Bank of Spain rescued Caja de Ahorros y Monte de Piedad de Cordoba (CajaSur) over the weekend after the collapse of negotiations with Unicaja. It appointed the Fund for Orderly Bank Restructuring (FROB) as interim administrator, which agreed to provide Eu550m in equity instruments so that CajaSur ...

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Bookrunners of Global Covered Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 10,838.70 62 5.31%
2 UniCredit 10,159.00 75 4.98%
3 LBBW 10,110.44 66 4.95%
4 Natixis 9,893.81 52 4.85%
5 Commerzbank Group 9,434.96 58 4.62%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 74,770.87 312 6.42%
2 Bank of America Merrill Lynch 71,954.77 266 6.18%
3 Citi 70,764.06 354 6.08%
4 Goldman Sachs 66,011.45 527 5.67%
5 HSBC 61,677.36 280 5.30%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 61,481.52 218 11.00%
2 Bank of America Merrill Lynch 60,236.14 220 10.77%
3 Citi 55,960.76 265 10.01%
4 Goldman Sachs 49,875.99 465 8.92%
5 Morgan Stanley 47,210.46 261 8.44%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Natixis 7,282.04 27 7.38%
2 Commerzbank Group 5,647.34 22 5.73%
3 LBBW 5,565.43 23 5.64%
4 SG Corporate & Investment Banking 5,470.19 24 5.55%
5 UniCredit 5,468.87 22 5.55%

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 7,022.22 19 12.67%
2 Barclays 4,473.11 17 8.07%
3 Credit Suisse 4,278.10 14 7.72%
4 BNP Paribas 3,870.91 17 6.98%
5 UBS 3,864.55 18 6.97%