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 325,692.23 1268 8.08%
2 JPMorgan 318,171.08 1387 7.90%
3 Bank of America Merrill Lynch 293,301.12 1008 7.28%
4 Barclays 245,918.13 920 6.10%
5 Goldman Sachs 217,162.09 730 5.39%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 45,800.95 180 7.01%
2 JPMorgan 44,256.04 91 6.78%
3 UniCredit 35,452.34 152 5.43%
4 Credit Agricole CIB 33,170.05 159 5.08%
5 SG Corporate & Investment Banking 32,244.80 125 4.94%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 13,643.79 60 8.96%
2 Goldman Sachs 13,204.47 65 8.67%
3 Citi 9,716.40 55 6.38%
4 Morgan Stanley 8,471.86 53 5.56%
5 UBS 8,136.41 33 5.34%