Bank of Ireland in liability management with a twist

Bondholders are being called upon by Bank of Ireland to step in and help the bank back on its feet. Holders of seven of the bank’s hybrid tier one and upper tier two securities have been asked to exchange their bonds for either cash or equity. The liability management exercise is part of a wider capital raise undertaken by the bank (see separate story in the equity section).

  • 30 Apr 2010

In total, the bank is aiming for Eu1.49bn equivalent of securities in euros, sterling and dollars. There is one upper tier two being targeted in dollars with the remainder tier one deals in euros, dollars and sterling.

Citi and UBS are the lead dealer managers. Credit Suisse and ...

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Bookrunners of Global Covered Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 5,126.88 21 7.33%
2 Barclays 4,041.33 20 5.78%
3 UniCredit 3,842.10 30 5.49%
4 LBBW 3,782.72 20 5.41%
5 Natixis 3,503.93 14 5.01%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 14,133.80 57 7.69%
2 JPMorgan 11,975.54 50 6.51%
3 Morgan Stanley 11,637.78 52 6.33%
4 Goldman Sachs 10,376.12 72 5.64%
5 BNP Paribas 10,127.86 28 5.51%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 11,039.30 41 11.69%
2 Citi 9,986.01 43 10.58%
3 Morgan Stanley 9,906.77 40 10.49%
4 Goldman Sachs 9,518.02 65 10.08%
5 Bank of America Merrill Lynch 8,526.90 27 9.03%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Natixis 3,106.36 10 7.25%
2 HSBC 3,089.99 10 7.21%
3 Barclays 2,870.45 11 6.70%
4 LBBW 2,867.95 11 6.69%
5 Credit Agricole CIB 2,698.01 10 6.30%

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 UBS 2,550.05 5 27.51%
2 HSBC 984.09 6 10.62%
3 Santander 660.14 4 7.12%
4 Deutsche Bank 511.09 4 5.51%
5 Credit Agricole CIB 459.09 3 4.95%