Lloyds Banking Group Top Stories

News dashboard

RMBS issuers diverge on noteholder consent for Sonia switch

Nationwide this week launched a consent solicitation to switch Silverstone Master Issuer 2018-1 from Libor to the Sonia benchmark, opting for ‘positive consent’ in asking noteholders to make the switch.
- 18 Oct 2019
IG corporates kick week off with bulging order books

High grade corporate borrowers were quick out of the traps on Monday, cramming in before the blackout period to raise around €5bn-equivalent of bond funding from order books many multiples of that.
- 14 Oct 2019
Moody’s gives thumbs up to Lloyds’ covered conversion

Moody’s said on Wednesday that investors’ approval of Lloyds Bank’s request to convert the interest basis on a covered bond from Libor to Sonia was credit positive for the issuer and bodes well for the rest of covered bond and structured finance markets, which must transition to Sonia before 2022.
- 09 Oct 2019
Ark Data Centres bumps up banking group

Ark Data Centres has signed a £450m loan, with the UK technology data centre company breaking a long term trend in Europe’s loan market to more than double its lending syndicate.
- 08 Oct 2019
Northern Powergrid flies in sterling after lower rated Cadent Gas has tougher time

Northern Powergrid, a rare issuer in the UK market, issued a 40 year sterling bond on Wednesday that found a strong reception, in a week that has proved patchy for issuers in the currency.
- 02 Oct 2019

Asset	Rank	STLY	Amount $b	No of issues	Share %	STLY Share %
For detailed analysis:
Last updated 15 Oct 2019
Bookrunners of Global Structured Finance	22	21	6.40	27	0.77%	0.79%
Syndicated Loan Revenue - EMEA	18	18	0.01	18	1.81%	1.69%
All Sterling Bonds	6	4	12.37	66	7.08%	8.16%
European Sovereign Bonds	25	20	1.29	1	0.73%	1.71%
Bookrunners of Global Covered Bonds	20	25	4.97	21	2.37%	1.71%
Bookrunners of Euro Denominated Covered Bond Above €500m	18	24	2.02	8	1.89%	1.18%
Bookrunners of European Structured Finance	5	6	4.22	16	5.77%	5.51%
Bookrunners of Euro Denominated Corporate IG Bonds	25	26	3.19	15	0.94%	0.78%
Dealer League Table UK	9	2	1.42	1	5.96%	10.80%

Rank	Lead Manager	Amount $b	No of issues	Share %
View full table For detailed analysis:
Last updated Today
1	JPMorgan	329.19	1505	8.44%
2	Citi	302.82	1293	7.76%
3	Bank of America Merrill Lynch	259.71	1092	6.66%
4	Barclays	235.37	968	6.03%
5	HSBC	192.36	1061	4.93%

Rank	Lead Manager	Amount $b	No of issues	Share %
View full table For detailed analysis:
Last updated Today
1	BNP Paribas	38.80	175	7.35%
2	Credit Agricole CIB	36.89	155	6.99%
3	JPMorgan	29.35	74	5.56%
4	UniCredit	24.81	134	4.70%
5	Bank of America Merrill Lynch	24.60	69	4.66%

Rank	Lead Manager	Amount $b	No of issues	Share %
View full table For detailed analysis:
Last updated Today
1	JPMorgan	9.98	67	9.69%
2	Morgan Stanley	9.41	44	9.13%
3	Goldman Sachs	8.72	45	8.47%
4	Citi	6.91	54	6.71%
5	UBS	5.28	29	5.12%