German Regional Bank Enters Swap

  • 14 Apr 2003
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Landesbank Hessen-Thüringen (Helaba) has entered an interest rate swap on a recent USD500 million bond offering to convert it into a floating-rate liability. The firm is keeping the proceeds in dollars to match dollar assets, according to a firm official.

In the swap, Helaba pays LIBOR plus a spread and receives the 3.375% fixed coupon on the five-year bond. ABN AMRO and TD Securities were the lead managers on the bond offering. The official declined to disclose the swap counterparty, but said Helaba chooses counterparties based on credit limits.

  • 14 Apr 2003

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 238,370.95 916 8.14%
2 JPMorgan 221,587.27 991 7.57%
3 Bank of America Merrill Lynch 214,543.42 717 7.33%
4 Barclays 184,024.85 666 6.29%
5 HSBC 157,697.44 732 5.39%

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1 JPMorgan 32,467.80 60 6.57%
2 BNP Paribas 32,284.10 130 6.53%
3 UniCredit 26,992.47 123 5.46%
4 SG Corporate & Investment Banking 26,569.73 97 5.37%
5 Credit Agricole CIB 23,807.36 111 4.81%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Goldman Sachs 10,167.68 46 8.82%
2 JPMorgan 9,894.90 42 8.58%
3 Citi 8,202.25 45 7.11%
4 UBS 6,098.17 23 5.29%
5 Credit Suisse 5,236.02 28 4.54%