SoFFin extension could smother Pfandbrief revival

The Association of German Pfandbrief banks (VdP) is right to oppose the likely introduction of longer-maturity SoFFin guarantees for senior unsecured bank bonds. The Pfandbrief market is hardly setting the funding market alight, but there are sparks of life that the latest proposals threaten to extinguish.

  • 17 Feb 2009
It was reassuring to see not one but two Pfandbrief deals issued in February. LBBW and Deutsche Postbank’s ability to each raise Eu1bn in the market in five year tenors showed that banks could access sources of funding away from the German guarantee scheme. Those deals were exactly ...

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All International Bonds

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 30,363.50 109 7.56%
2 JPMorgan 27,423.07 94 6.82%
3 Goldman Sachs 27,365.68 53 6.81%
4 Barclays 25,009.79 63 6.22%
5 Deutsche Bank 22,679.02 69 5.64%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
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1 Mizuho 299.85 1 21.73%
1 ING 299.85 1 21.73%
1 Commerzbank Group 299.85 1 21.73%
1 BNP Paribas 299.85 1 21.73%
5 UBS 60.22 1 4.36%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
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1 Goldman Sachs 1,607.28 5 22.59%
2 Credit Suisse 1,301.65 4 18.30%
3 UBS 970.80 3 13.65%
4 BNP Paribas 522.35 4 7.34%
5 SG Corporate & Investment Banking 444.17 3 6.24%