BES hits equity-linked market with $1bn benchmark

Portuguese lender Banco Espírito Santo raised $950m from an exchangeable bond on Wednesday in Europe’s largest equity-linked issue so far this year.

  • 24 Mar 2010

Market commentators welcomed the news, hoping that marks the end the dearth of investment grade issuance.

“The benchmark size of the issue and the investment grade rating are positive,” said Angus Allison, a convertible bond analyst at Barclays Capital. “However, investors should be cautious of the potential credit ...

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Bookrunners of Global Covered Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 6,183.34 29 6.53%
2 UniCredit 5,615.53 47 5.93%
3 LBBW 5,509.16 31 5.82%
4 Natixis 4,708.38 22 4.98%
5 Credit Agricole CIB 4,419.88 22 4.67%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 24,329.02 116 7.03%
2 JPMorgan 23,079.03 99 6.67%
3 Bank of America Merrill Lynch 21,714.74 85 6.28%
4 Morgan Stanley 19,242.41 100 5.56%
5 Goldman Sachs 17,708.18 153 5.12%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Bank of America Merrill Lynch 20,018.25 72 11.43%
2 Citi 19,159.18 90 10.94%
3 JPMorgan 18,379.79 78 10.50%
4 Morgan Stanley 16,159.37 75 9.23%
5 Goldman Sachs 15,187.28 135 8.67%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Natixis 3,944.55 14 7.52%
2 HSBC 3,694.64 13 7.04%
3 LBBW 3,692.39 14 7.04%
4 Credit Agricole CIB 3,475.55 14 6.63%
5 Deutsche Bank 3,304.65 12 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 Credit Agricole CIB 3,286.19 8 15.14%
2 UBS 3,066.95 9 14.13%
3 BNP Paribas 2,246.30 9 10.35%
4 HSBC 1,533.23 10 7.07%
5 Deutsche Bank 1,178.57 8 5.43%