RMB Deals

Rank Issuer Total Volume Rmb (m) No. of Deals Share % by Volume
1 QNB Finance 2,400 2 28.92
2 Bank of Communications Hong Kong Branch (BOCOM HK) 2,000 1 24.10
3 Agricultural Development Bank of China (ADBC) 1,500 1 18.07
4 First Abu Dhabi Bank PJSC 1,400 1 16.87
5 Fubon Bank (China) 1,000 1 12.05

Leveraged Finance Deals

IssuerMaturitySize
Nidda Bondco GmbH 30-Sep-25250
Algeco Global Finance plc 15-Feb-2385
Algeco Global Finance plc 15-Feb-2340
Groupe Ecore Holding SAS 15-Nov-23255
International Design Group SpA 15-Nov-25400

Leveraged Finance Deals Pipeline

IssuerTypeCur.SizeMaturityStatusArrangers
KerneosHY snr sec fixed, floating€335m total€200m min on fixed2021RS Feb 24-27GS

Notes

to finance the acquisition of Kerneos by Astorg Partners

Cabot Financial£105m bridgeHY refi likelyJPM (bridge provider)
FindusHY PIK£rumoured

Notes

to pay £200m dividend

Yioula GlassworksHY165m6NC3investor day heldC
Fresenius€380m still outstanding under bridge€1.8bn initially, €1.42bn repaid
Gamesamulls HY
PrisaHY PIKrumours; to take out loans in restructuring
TDF's French unitauctionGS

Notes

Rexam health care unitauctionB (sell side)

Notes

Netsin auction

Notes

CogetechHY snr sec1655NC2pulled Aug 2, 13BNP, UC, DB
MonierRS in Apr 2012 for €250m bondBNP
Ascometalbridge to HYPulled in Mar/Apr 12BofA, MS
Vivartereceived approval for HYB

Notes

PHSreceived approval for HYB

Notes

Real MadridHYup to €250mrumour

Notes

FIG Deals

DateIssuerMaturitySizeCurrSpreadtoTypeLeadsCountry
02-Jul-20Shawbrook Group10-Oct-3075£9.0%10.25NC5.25 tier twoABN/DBUK

Coupon

9%

Books(m)

New Issue Premium

Orders

Ratings

Geographic distribution

Investor distribution

Bond comment

02-Jul-20Uniqa Insurance09-Jul-30600160.0msinsurance seniorHSBC/JP/RBIAustria

Coupon

1.375%

Books(m)

3300

New Issue Premium

Orders

Ratings

—/A/—

Geographic distribution

Investor distribution

Bond comment

https://www.globalcapital.com/article/b1mb12rrv9yckw/uniqa-debuts-new-tier-two-structure-in-euros

02-Jul-20Uniqa Insurance09-Oct-35200370.0ms15.25NC5.25 green tier twoHSBC/JP/RBIAustria

Coupon

3.25%

Books(m)

2000

New Issue Premium

Orders

Ratings

—/A/—

Geographic distribution

Investor distribution

Bond comment

https://www.globalcapital.com/article/b1mb12rrv9yckw/uniqa-debuts-new-tier-two-structure-in-euros

01-Jul-20CaixaBank10-Jul-261000117.0msCovid-19 6NC5 bail in seniorCaixa/HSBC/ING/Natixis/UniCreditSpain

Coupon

0.75%

Books(m)

2800

New Issue Premium

Orders

Ratings

Baa1/BBB+/A-

Geographic distribution

Investor distribution

Bond comment

https://www.globalcapital.com/article/b1m9ll10rpn4b6/investors-hand-caixabank-a-discount-for-covid-bond-debut

30-Jun-20Société Générale08-Jul-25500$115.0USTbail-in seniorCS/JP/MS/SG/WFFrance

Coupon

1.375%

Books(m)

New Issue Premium

Orders

Ratings

A1/A+/A-

Geographic distribution

Investor distribution

Bond comment

https://www.globalcapital.com/article/b1mb4x7dhf4c4b/yankees-keep-up-pace-in-dollar-market

30-Jun-20Société Générale08-Jul-35500$300.0UST15NC10 tier twoCS/JP/MS/SG/WFFrance

Coupon

3.653%

Books(m)

New Issue Premium

Orders

Ratings

A1/A+/A-

Geographic distribution

Investor distribution

Bond comment

https://www.globalcapital.com/article/b1mb4x7dhf4c4b/yankees-keep-up-pace-in-dollar-market

29-Jun-20Hannover Re08-Oct-40500200.0ms20.25NC10.25 insuance T2DB/JP/SG/UniCreditGermany

Coupon

1.75%

Books(m)

1500

New Issue Premium

Orders

Ratings

—/AA-/—

Geographic distribution

Investor distribution

Bond comment

https://www.globalcapital.com/article/b1m8q84lzxvws3/hannover-re-tests-risk-appetite-with-new-t2

24-Jun-20Royal Bank of Scotland Group01-Jan-991500$6.0%PNC5 AT1Citi/GS/JP/NW/UBSUK

Coupon

6%

Books(m)

New Issue Premium

Orders

Ratings

Baa2/BBB/A

Geographic distribution

Investor distribution

Bond comment

https://www.globalcapital.com/article/b1m71m9q0qyq0y/european-banks-puts-focus-on-dollars-as-currency-shows-value

24-Jun-20ING Groep01-Jul-261000$110.0UST6NC5 bail-in green seniorBBVA/Citi/ING/JP/NW/TDNetherlands

Coupon

1.4%

Books(m)

New Issue Premium

Orders

Ratings

Baa1/A-/A+

Geographic distribution

Investor distribution

Bond comment

https://www.globalcapital.com/article/b1m71m9q0qyq0y/european-banks-puts-focus-on-dollars-as-currency-shows-value

23-Jun-20UniCredit30-Jun-351500$475.0UST15NC10 tier twoBoA/Citi/HSBC/JP/NW/UBSItaly

Coupon

5.459%

Books(m)

5500

New Issue Premium

Orders

Ratings

Baa3/BB+/BB

Geographic distribution

Investor distribution

Bond comment

https://www.globalcapital.com/article/b1m71m9q0qyq0y/european-banks-puts-focus-on-dollars-as-currency-shows-value

23-Jun-20Svenska Handelsbanken30-Jun-231000$53.0USTseniorBoA/Citi/CS/GSSweden

Coupon

0.625%

Books(m)

New Issue Premium

Orders

Ratings

Aa2/AA-/AA

Geographic distribution

Investor distribution

Bond comment

https://www.globalcapital.com/article/b1m71m9q0qyq0y/european-banks-puts-focus-on-dollars-as-currency-shows-value

23-Jun-20Helvetia Insurance30-Sep-41600295.0ms21.25NC10.25 insurance T2CS/DB/MS/Natixis/UBSSwitzerland

Coupon

2.75%

Books(m)

2750

New Issue Premium

Orders

Ratings

—/A/—

Geographic distribution

Investor distribution

Bond comment

https://www.globalcapital.com/article/b1m61y19vbt5bq/insurance-duo-signals-market-back-in-shape-with-t2-bonds

23-Jun-20OP Corporate01-Jul-24100050.0msseniorBoA/Nomura/OP/SGFinland

Coupon

0.125%

Books(m)

1200

New Issue Premium

Orders

Ratings

Aa3/AA-/—

Geographic distribution

Investor distribution

Bond comment

https://www.globalcapital.com/article/b1m6zt6cpdc4sn/op-tests-lower-bounds-in-senior

23-Jun-20CNP Assurances30-Jun-51750265.0ms31NC11 tier twoBC/BNPP/CA/GS/HSBC/NatixisFrance

Coupon

2.5%

Books(m)

1250

New Issue Premium

Orders

Ratings

A1/A-/—

Geographic distribution

Investor distribution

Bond comment

https://www.globalcapital.com/article/b1m61y19vbt5bq/insurance-duo-signals-market-back-in-shape-with-t2-bonds

18-Jun-20Banco Santander23-Jun-271000140.0msbail-in senior greenABN/BC/Nomura/Santander/UniCreditSpain

Coupon

1.125%

Books(m)

3400

New Issue Premium

Orders

Ratings

Baa1/A-/A-

Geographic distribution

Investor distribution

Bond comment

https://www.globalcapital.com/article/b1m3vkq3sj9ztr/banks-exploit-heavy-demand-for-green-assets-with-new-senior-deals

18-Jun-20Hypo Noe25-Jun-2450080.0mssenior greenBayernLB/CA/Deka/DZ/RBIGermany

Coupon

0.375%

Books(m)

950

New Issue Premium

Orders

Ratings

A

Geographic distribution

Investor distribution

Bond comment

https://www.globalcapital.com/article/b1m3vkq3sj9ztr/banks-exploit-heavy-demand-for-green-assets-with-new-senior-deals

17-Jun-20Rabobank24-Jun-261000$100.0UST6NC5 bail-in seniorBC/BoA/GS/MSRaboNetherlands

Coupon

1.339%

Books(m)

New Issue Premium

Orders

Ratings

A3/A-/AA-

Geographic distribution

Investor distribution

Bond comment

https://www.globalcapital.com/article/b1m3v8d4hx9vkx/european-banks-find-favour-in-busy-dollar-market

17-Jun-20Barclays24-Jun-311000$190.0UST11NC10 bail-in seniorBCUK

Coupon

2.645%

Books(m)

New Issue Premium

Orders

Ratings

Baa2/BBB/A

Geographic distribution

Investor distribution

Bond comment

https://www.globalcapital.com/article/b1m3v8d4hx9vkx/european-banks-find-favour-in-busy-dollar-market

17-Jun-20Standard Chartered01-Jan-991000$6.0%PNC5 AT1BC/JP/RBC/SC/UBSUK

Coupon

6%

Books(m)

New Issue Premium

Orders

Ratings

Baa2/BBB-/BBB+

Geographic distribution

Investor distribution

Bond comment

https://www.globalcapital.com/article/b1m3v8d4hx9vkx/european-banks-find-favour-in-busy-dollar-market

17-Jun-20Legal & General01-Jan-99500£5.6%PNC11.25 RT1BC/BoA/Citi/HSBC/JP/NWUK

Coupon

5.625%

Books(m)

3750

New Issue Premium

Orders

Ratings

A2/A/A+

Geographic distribution

Investor distribution

Bond comment

https://www.globalcapital.com/article/b1m3dq2q7mtx8b/legal-amp-general-debuts-in-rt1-with-bumper-books

17-Jun-20Banco de Sabadell29-Jun-23500325.0ms3NC2 seniorSabadell/DB/GS/NatixisSpain

Coupon

1.75%

Books(m)

2700

New Issue Premium

Orders

Ratings

Baa3/BBB+/BBB

Geographic distribution

Investor distribution

Bond comment

https://www.globalcapital.com/article/b1m3v6sbmb8xz4/bank-investors-warm-to-short-end-periphery-bonds

17-Jun-20Virgin Money24-Jun-25500325.0ms5NC4 bail-in seniorCiti/CS/DB/NWUK

Coupon

2.875%

Books(m)

1350

New Issue Premium

Orders

Ratings

Baa3/BBB-/BBB+

Geographic distribution

Investor distribution

Bond comment

https://www.globalcapital.com/article/b1m3dpx0wntnt7/virgin-money-finally-finds-a-window-for-euro-holdco-debut

16-Jun-20Danske Bank22-Jun-241250$100.0UST4NC3 seniorBNPP/BoA/Danske/JP/RBCDenmark

Coupon

1.226%

Books(m)

New Issue Premium

Orders

Ratings

A3/A/A

Geographic distribution

Investor distribution

Bond comment

16-Jun-20Lloyds Bank Corporate Markets23-Jun-23500£155.0GiltsseniorLloydsUK

Coupon

1.5%

Books(m)

1900

New Issue Premium

Orders

Ratings

A1/A/A+

Geographic distribution

UK&I 61% APAC 17% Ger/Aut/Switz 13% Other Europe 9%

Investor distribution

FM 64% Bank/PB 23% Ins/PF 11% CB/OI 2%

Bond comment

https://www.globalcapital.com/article/b1m2yyy9vqv2cc/lloyds-paves-the-way-for-sterling-issuance-with-senior-deal

16-Jun-20Athene Global Funding23-Jun-23500225.0msinsurance seniorBC/CS/DBUS

Coupon

1.875%

Books(m)

775

New Issue Premium

Orders

Ratings

—/A/A

Geographic distribution

Investor distribution

Bond comment

https://www.globalcapital.com/article/b1m3yhpj3sfpfl/euro-fig-market-health-spurs-deal-activity-in-senior

16-Jun-20La Mondiale23-Jun-31500225.0ms11yr tier twoHSBC/MS/NatixisFrance

Coupon

2.125%

Books(m)

3400

New Issue Premium

Orders

Ratings

—/A-/—

Geographic distribution

Investor distribution

Bond comment

https://www.globalcapital.com/article/b1m2yxlt3b4kk7/la-mondiale-bags-tier-two-through-fair-value

16-Jun-20AIB Group01-Jan-996256.3%PNC5.5 AT1BoA/GS/Goodbody/JP/NW/UBSIreland

Coupon

6.25%

Books(m)

5000

New Issue Premium

Orders

Ratings

Baa2/BBB-/BBB

Geographic distribution

Investor distribution

Bond comment

https://www.globalcapital.com/article/b1m2z02qvr7yqy/aib-restarts-at1-supply-with-unusual-blowout-deal

10-Jun-20Nationwide Building Society01-Jan-99750£5.8%PNC7.5 AT1BoA/Citi/JP/MSUK

Coupon

5.75%

Books(m)

4500

New Issue Premium

Orders

Ratings

A1/A/A

Geographic distribution

Investor distribution

Bond comment

https://www.globalcapital.com/article/b1m0w6jd0yf57y/green-shoots-boost-hopes-of-further-at1-supply

10-Jun-20BPER Banca10-Jun-20500220.0msseniorBC/BNPP/Citi/Mediobanca/SantanderItaly

Coupon

1.875%

Books(m)

1000

New Issue Premium

Orders

Ratings

Ba3/—/BB

Geographic distribution

Investor distribution

Bond comment

https://www.globalcapital.com/article/b1m0w45gzh76s8/italian-banks-show-how-far-the-credit-rally-has-come

09-Jun-20Zurich Finance (Ireland)17-Sep-50750195.0ms30.25NC10.25 insurance tier twoCA/DB/HSBC/JPSwitzerland

Coupon

1.875%

Books(m)

1500

New Issue Premium

Orders

Ratings

Aa3/AA-

Geographic distribution

Investor distribution

Bond comment

https://www.globalcapital.com/article/b1m0vfp7qsd8hz/bank-bond-supply-outlook-positive-despite-weakening-conditions

09-Jun-20UniCredit16-Jun-261250160.0ms6NC5 seniorCiti/CMZ/ING/Natixis/NW/UBS/UniCreditItaly

Coupon

1.25%

Books(m)

2300

New Issue Premium

Orders

Ratings

Baa1/BBB/BBB-

Geographic distribution

Investor distribution

Bond comment

https://www.globalcapital.com/article/b1m0w45gzh76s8/italian-banks-show-how-far-the-credit-rally-has-come

09-Jun-20RBI International18-Jun-27500315.0ms12NC7 tier twoBNPP/BoA/MS/RBI/SGAustria

Coupon

2.975%

Books(m)

1600

New Issue Premium

Orders

Ratings

A3//A-

Geographic distribution

Investor distribution

Bond comment

https://www.globalcapital.com/article/b1lzw8nk5pgbzw/rbi-keeps-the-fires-burning-in-the-t2-market

09-Jun-20KBC Group16-Jun-2750072.0ms7NC6 bail-in senior greenBoA/CA/CMZ/ING/KBC/NatixisBelgium

Coupon

0.375%

Books(m)

1500

New Issue Premium

Orders

Ratings

Baa1/A-/A-

Geographic distribution

Investor distribution

Bond comment

https://www.globalcapital.com/article/b1lzw23dlrmtyp/kbc-prints-green-senior-deal-through-fair-value

09-Jun-20MetLife16-Jun-2750075.0msinsurance seniorBC/CS/DB/JPUK

Coupon

0.55%

Books(m)

700

New Issue Premium

Orders

Ratings

Aa3/AA-/AA-

Geographic distribution

Investor distribution

Bond comment

08-Jun-20Lloyds Banking Group15-Jun-231000$110.0USTbail-in seniorGS/Lloyds/MSUK

Coupon

1.326%

Books(m)

New Issue Premium

Orders

Ratings

A3/BBB+/A+

Geographic distribution

Investor distribution

Bond comment

08-Jun-20Commerzbank01-Jan-9912506.1%PNC5.8 AT1BC/BNPP/CMZ/DB/UBSGermany

Coupon

6.125%

Books(m)

8500

New Issue Premium

Orders

Ratings

A1/BBB+/BBB

Geographic distribution

Investor distribution

Bond comment

https://www.globalcapital.com/article/b1m0w6jd0yf57y/green-shoots-boost-hopes-of-further-at1-supply

08-Jun-20ABN Amro01-Jan-9910004.4%PNC5.25 AT1ABN/CS/HSBC/GS/MSNetherlands

Coupon

4.375%

Books(m)

8000

New Issue Premium

Orders

Ratings

A1/A/A+

Geographic distribution

Investor distribution

Bond comment

https://www.globalcapital.com/article/b1m0w6jd0yf57y/green-shoots-boost-hopes-of-further-at1-supply

08-Jun-20Société Générale12-Jun-301000135.0msbail-in seniorSGFrance

Coupon

1.25%

Books(m)

2600

New Issue Premium

Orders

Ratings

A1/A/A/

Geographic distribution

Investor distribution

Bond comment

https://www.globalcapital.com/article/b1lzf8kndpp50x/french-duo-finds-favour-in-non-pref-senior

08-Jun-20La Banque Postale17-Jun-2675088.0ms6NC5 bail-in seniorBNPP/Citi/CMZ/LBP/UBS/UniCreditFrance

Coupon

0.5%

Books(m)

3100

New Issue Premium

Orders

Ratings

—/A/A-

Geographic distribution

Investor distribution

Bond comment

https://www.globalcapital.com/article/b1lzf8kndpp50x/french-duo-finds-favour-in-non-pref-senior

04-Jun-20CM Arkéa11-Jun-29750150.0ms9NC8 bail-in seniorABN/CA/Arkea/Santander/UniCreditFrance

Coupon

1.25%

Books(m)

2700

New Issue Premium

Orders

Ratings

Baa1/A-

Geographic distribution

Investor distribution

Bond comment

https://www.globalcapital.com/article/b1lxnc5vmcj3zx/cm-ark233a-joins-covid19-senior-funding-boom

03-Jun-20NIBC09-Apr-24200270.0msbail-in senior tapBoA/CS/GSNetherlands

Coupon

2%

Books(m)

New Issue Premium

Orders

Ratings

BBB-/BBB

Geographic distribution

Investor distribution

Bond comment

https://www.globalcapital.com/article/b1lxn99bdkwj6c/nordea-leads-the-way-in-dollars-with-deeply-negative-nip

03-Jun-20Intesa Sanpaolo10-Jun-30350£390.0Giltstier twoMSItaly

Coupon

5.148%

Books(m)

New Issue Premium

Orders

Ratings

Baa1/BBB+/BBB-

Geographic distribution

Investor distribution

Bond comment

https://www.globalcapital.com/article/b1lxs1j6l36vr8/morgan-stanley-guarantees-smooth-ride-for-intesa-t2

02-Jun-20Credit Suisse NY05-May-232000$88.0USTseniorCSSwitzerland

Coupon

1%

Books(m)

New Issue Premium

Orders

Ratings

A1/A+/

Geographic distribution

Investor distribution

Bond comment

https://www.globalcapital.com/article/b1lxn99bdkwj6c/nordea-leads-the-way-in-dollars-with-deeply-negative-nip

02-Jun-20Credit Suisse Group06-May-231500$188.0UST6NC6 bail-in seniorCSSwitzerland

Coupon

2.193%

Books(m)

New Issue Premium

Orders

Ratings

Baa2/BBB+/A-

Geographic distribution

Investor distribution

Bond comment

https://www.globalcapital.com/article/b1lxn99bdkwj6c/nordea-leads-the-way-in-dollars-with-deeply-negative-nip

02-Jun-20Nordea Bank 06-Sep-231000$83.0USTseniorBoA/Citi/JP/MS/UBSFinland

Coupon

1%

Books(m)

New Issue Premium

Orders

Ratings

Aa3/AA-/

Geographic distribution

Investor distribution

Bond comment

https://www.globalcapital.com/article/b1lxn99bdkwj6c/nordea-leads-the-way-in-dollars-with-deeply-negative-nip

02-Jun-20MUFJ Financial Group09-Jun-24500128.0msCovid-19 bail in seniorMS/MUFGJapan

Coupon

0.978%

Books(m)

2600

New Issue Premium

Orders

Ratings

A1/A-/A-

Geographic distribution

Investor distribution

Bond comment

https://www.globalcapital.com/article/b1lx6mrp38pkjt/mufg-follows-bbva-with-covid-19-response-bond-in-euros

02-Jun-20Nykredit Realkredit10-Jul-2575090.0msseniorGS/MS/Natixis/NykreditDenmark

Coupon

0.5%

Books(m)

1400

New Issue Premium

Orders

Ratings

Baa1/A-

Geographic distribution

Investor distribution

Bond comment

https://www.globalcapital.com/article/b1lxn99bdkwj6c/nordea-leads-the-way-in-dollars-with-deeply-negative-nip

02-Jun-20BNP Paribas06-Apr-262000$190.0USTbail-in seniorBNPPFrance

Coupon

2.219%

Books(m)

New Issue Premium

Orders

Ratings

Baa1/A-/

Geographic distribution

Investor distribution

Bond comment

https://www.globalcapital.com/article/b1lxn99bdkwj6c/nordea-leads-the-way-in-dollars-with-deeply-negative-nip

02-Jun-20Deutsche Bank10-Jun-26500167.0msgreen seniorDBGermany

Coupon

1.375%

Books(m)

4500

New Issue Premium

Orders

Ratings

A+/A+

Geographic distribution

Investor distribution

Bond comment

https://www.globalcapital.com/article/b1lws64k5xpy73/deutsche-blows-out-in-senior-with-debut-green-bond

02-Jun-20Credit Suisse09-Jun-28750£223.0Gilts8NC7 bail-in seniorCSSwitzerland

Coupon

2.25%

Books(m)

2500

New Issue Premium

Orders

Ratings

Baa2/BBB+/A-

Geographic distribution

Investor distribution

Bond comment

https://www.globalcapital.com/article/b1lws40zgmp98w/credit-suisse-extends-tlac-run-with-new-sterling-deal

Securitization

Europe CLOs Priced Deals

IssuerArrangerSize ($M)
BlackRock Investment Management Credit Suisse462.20
Oaktree Capital ManagementCiti448.20
SankatyBarclays457.97
GSO Capital PartnersBAML449.87
Apollo Management InternationalDeutsche Bank493.50

US CLOs Priced Deals

IssuerArrangerSize ($M)
Brightwood Capital AdvisorsNatixis652.80
Trinitas Capital ManagementWells Fargo406.65
Black Diamond AdviserJP Morgan359.60
Zais Leveraged Loan ManagerRBC280.70
Sound Point Capital ManagementCredit Suisse512.50

All International Bonds

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 JPMorgan 336.08 1211 9.38%
2 BofA Securities 283.51 1065 7.91%
3 Citi 280.45 1008 7.82%
4 Goldman Sachs 200.11 669 5.58%
5 Barclays 188.81 729 5.27%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 57.63 110 14.80%
2 Credit Agricole CIB 26.70 85 6.86%
3 Santander 23.06 71 5.92%
4 UniCredit 19.06 77 4.89%
5 HSBC 18.89 67 4.85%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 Goldman Sachs 5.30 30 14.10%
2 Credit Suisse 4.86 17 12.94%
3 BofA Securities 3.69 22 9.83%
4 JPMorgan 2.84 20 7.57%
5 Morgan Stanley 2.63 9 7.00%