LBBW top stories

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  • ESG price ratchet enters Schuldschein: bonds next?

    A structure developed in the loan market, in which a company’s financing margin can be lowered during the life of the deal if it improves its environmental, social and governance credentials, has crossed over into the Schuldschein market. That raises the possibility it could make the leap to the bond market, write Silas Brown and Jon Hay.

    • 13 Jun 2019
  • Volkswagen, Bright Food get big books on soft day

    It's not often a €1.75bn deal from Volkswagen Leasing is overshadowed in the corporate bond market, though that was the case on Wednesday with Berkshire Hathaway's £1.75bn 20 and 40 year stormer. But Berkshire left euros clear for Volkswagen - it only had Bright Food of China to compete with.

    • 12 Jun 2019
  • Schuldschein market awaits investorappetite for sustainability-linked notes

    Schuldschein lenders are getting their first taste of environmental social governance (ESG) interest-linked notes next week, as Dürr takes its final orders on a transaction linked to its sustainability performance. According to several participants the trade has so far gone well, and will likely spark further Schuldschein borrowers using this new structure.

    • 11 Jun 2019
  • KfW EUR5bn 0% Jul 24

    • 06 Jun 2019
  • German SSA yields reach record lows

    KfW returned to the market on Wednesday for its second five year euro benchmark of the year. The €5bn 0% July 2024 note was issued with the lowest yield the German agency has ever paid.

    • 06 Jun 2019
  • KfW goes lower than ever before

    KfW returned to the market for its second five year euro benchmark of the year. The €5bn zero coupon note was issued with the lowest yield ever printed by the German issuer.

    • 05 Jun 2019
  • Fives and 10s for German SSAs

    The State of Schleswig-Holstein returned to the market with a 10 year note on Tuesday. Meanwhile, KfW has announced a new five year euro deal, following on from January’s record KfW book for the maturity.

    • 04 Jun 2019
  • Reliance settles Schuldschein, the market dreams of more

    Reliance Industries settled its debut Schuldschein for €405m on Thursday, in a transaction which was widely considered a success — and promising for any arrangers looking to transport the instrument out of Europe.

    • 31 May 2019
  • LBBW prices green Reg S Pfandbrief in line with 144A deals

    LBBW attracted good demand for a $750m three year Reg S Pfandbrief on Tuesday, enabling the issue to be priced in line with where 144A deals had been indicated in the secondary market. A day later Deutsche Pfandbriefbank issued another three year.

    • 21 May 2019
  • LBBW to issue first green dollar Pfandbrief as KHFC hits the road in euros

    Hot on the heels of its senior non-preferred last week, LBBW has mandated leads for a three year green Pfandbrief. The Korean Housing & Finance Corporation (KHFC) is also preparing issuance, after mandating leads for a roadshow with plans to issue a euro covered bond.

    • 20 May 2019

LBBW In The Key League Tables

Asset Rank STLY Amount $m No of issues Share % STLY Share %
  • Last updated
  • 21 May 2019
Global FIG Revenue 25 45 38.26 215 0.80% 0.37%
Bookrunners of Euro Denominated DCM 17 19 13,485.55 78 1.99% 1.83%
Bookrunners of European DCM 23 26 12,613.17 74 1.40% 1.21%
Bookrunners of Euro Denominated SSA (Excl US Agency) 18 13 4,095.96 25 1.58% 2.55%
Bookrunners of Global Covered Bonds 3 5 6,988.86 39 5.55% 4.82%
Bookrunners of Euro Denominated Covered Bond Above €500m 1 4 4,741.33 18 6.99% 5.82%
Dealer League Table KfW 20 9 393.87 1 0.79% 5.30%
Dealer League Table L-Bank 1 1 543.26 4 18.25% 19.29%
Dealer League Table Rentenbank 20 4 56.06 1 1.01% 7.37%

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 189,911.09 841 8.13%
2 Citi 180,336.48 737 7.72%
3 Bank of America Merrill Lynch 150,026.03 618 6.42%
4 Barclays 142,467.32 568 6.10%
5 HSBC 119,450.83 621 5.11%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Credit Agricole CIB 21,924.17 77 8.18%
2 BNP Paribas 19,758.95 84 7.38%
3 Bank of America Merrill Lynch 17,614.25 49 6.58%
4 Deutsche Bank 12,953.29 48 4.84%
5 UniCredit 12,369.61 66 4.62%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Morgan Stanley 6,404.49 28 10.34%
2 JPMorgan 5,770.67 35 9.31%
3 Goldman Sachs 5,595.50 27 9.03%
4 UBS 4,134.32 20 6.67%
5 Citi 4,045.71 28 6.53%