RMB Deals

Rank Issuer Total Volume Rmb (m) No. of Deals Share % by Volume
1 Agricultural Development Bank of China (ADBC) 5,800 2 27.23
2 First Abu Dhabi Bank PJSC 4,650 2 21.83
3 QNB Finance 3,150 3 14.79
4 Bank of China Macau Branch (BOC Macau) 3,000 1 14.08
5 Bank of Communications Hong Kong Branch (BOCOM HK) 2,000 1 9.39

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
26-Aug-20Athene Global Funding02-Sep-25500150.0msFA-backed seniorBC/BNPP/DB/HSBCUS

Coupon

1.125%

Books(m)

900

New Issue Premium

Orders

Ratings

—/A/A

Geographic distribution

Investor distribution

Bond comment

https://www.globalcapital.com/article/b1n3c4h88835d8/athene-plots-euro-curve-after-record-growth-in-funding-agreements

26-Aug-20Belfius Bank02-Sep-2550078.0msbail-in seniorBelfius/CMZ/CS/Santander/SGBelgium

Coupon

0.375%

Books(m)

1250

New Issue Premium

Orders

Ratings

A1/A-/A-

Geographic distribution

Investor distribution

Bond comment

https://www.globalcapital.com/article/b1n3c1x6ghvzt4/strong-markets-encourage-banks-to-press-on-with-deals

26-Aug-20Danske Bank02-Sep-30500190.0ms10NC5 tier twoCA/CS/Danske/HSBC/SGDenmark

Coupon

1.5%

Books(m)

2750

New Issue Premium

Orders

Ratings

A3/A/A

Geographic distribution

Investor distribution

Bond comment

https://www.globalcapital.com/article/b1n3c1x6ghvzt4/strong-markets-encourage-banks-to-press-on-with-deals

26-Aug-20Bank of Ireland Group3006.0%PNC5.5 AT1BNPP/Citi/Davy/MS/UBSIreland

Coupon

6%

Books(m)

1750

New Issue Premium

Orders

Ratings

Baa2/BBB-/BBB

Geographic distribution

Investor distribution

Bond comment

https://www.globalcapital.com/article/b1n3c21588yr1x/bank-of-ireland-circles-back-to-euros-for-cheaper-at1

25-Aug-20NatWest Group28-Nov-35850$235.0UST15.25NC10.25 tier twoBoA/MS/NW/RBCUK

Coupon

3.032%

Books(m)

2550

New Issue Premium

Orders

Ratings

Baa2/BBB/A

Geographic distribution

Investor distribution

Bond comment

25-Aug-20SEB01-Sep-231000$38.0USTseniorBC/BoA/GS/JP/MS/SEBSweden

Coupon

0.55%

Books(m)

New Issue Premium

Orders

Ratings

Aa3/AA-/AA-

Geographic distribution

Investor distribution

Bond comment

25-Aug-20Intesa Sanpaolo7505.5%PNC7.5 AT1CA/DB/HSBC/IMI/JP/MS/UBSItaly

Coupon

5.5%

Books(m)

2750

New Issue Premium

Orders

Ratings

Baa1/BBB/BBB-

Geographic distribution

Investor distribution

Bond comment

https://www.globalcapital.com/article/b1n2xcxyp1kt5l/intesa-lifts-lid-on-strong-demand-for-new-at1s

25-Aug-20Intesa Sanpaolo7505.9%PNC11 AT1CA/DB/HSBC/IMI/JP/MS/UBSItaly

Coupon

5.875%

Books(m)

3550

New Issue Premium

Orders

Ratings

Baa1/BBB/BBB-

Geographic distribution

Investor distribution

Bond comment

https://www.globalcapital.com/article/b1n2xcxyp1kt5l/intesa-lifts-lid-on-strong-demand-for-new-at1s

24-Aug-20BNP Paribas01-Sep-28100095.0ms8NC7 bail-in seniorBNPPFrance

Coupon

0.5%

Books(m)

2000

New Issue Premium

Orders

Ratings

Aa3/A+/AA-

Geographic distribution

Investor distribution

Bond comment

https://www.globalcapital.com/article/b1n2gscdhy6r5d/banks-re-open-euros-for-the-first-time-in-a-month

24-Aug-20Commerzbank01-Sep-2775083.0msseniorABN/BBVA/CMZ/Erste/SGGermany

Coupon

0.375%

Books(m)

1600

New Issue Premium

Orders

Ratings

A1/BBB+/BBB+

Geographic distribution

Investor distribution

Bond comment

https://www.globalcapital.com/article/b1n2gscdhy6r5d/banks-re-open-euros-for-the-first-time-in-a-month

24-Aug-20Nordea Bank 28-Aug-251000$58.0USTseniorBoA/DB/GS/JP/MSFinland

Coupon

0.75%

Books(m)

New Issue Premium

Orders

Ratings

Aa3/AA-/AA-

Geographic distribution

Investor distribution

Bond comment

24-Aug-20Nationwide Building Society28-Aug-25750$75.0USTseniorCiti/CS/MS/NWUK

Coupon

1%

Books(m)

New Issue Premium

Orders

Ratings

A1/A+/A

Geographic distribution

Investor distribution

Bond comment

17-Aug-20Santander UK21-Aug-261000$125.0UST6NC5 bail-in seniorCiti/GS/JP/MS/SantanderUK

Coupon

1.532%

Books(m)

New Issue Premium

Orders

Ratings

Baa1/BBB/A

Geographic distribution

Investor distribution

Bond comment

https://www.globalcapital.com/article/b1mztthctzk7yv/santander-uk-makes-summer-saving-in-dollars

11-Aug-20HSBC Holdings18-Apr-262000$137.0UST5.7NC4.7 bail-in seniorHSBCUK

Coupon

1.465%

Books(m)

New Issue Premium

Orders

Ratings

A2/A-/A+

Geographic distribution

Investor distribution

Bond comment

https://www.globalcapital.com/article/b1mwqcr7gx33ch/hsbc-launches-tlac-tender-and-senior-bond

11-Aug-20HSBC Holdings18-Aug-311500$172.0UST11NC10 bail-in seniorHSBCUK

Coupon

2.357%

Books(m)

New Issue Premium

Orders

Ratings

A2/A-/A+

Geographic distribution

Investor distribution

Bond comment

https://www.globalcapital.com/article/b1mwqcr7gx33ch/hsbc-launches-tlac-tender-and-senior-bond

05-Aug-20Barclays1500$6.1%PNC Jun 26 AT1BCUK

Coupon

6.125%

Books(m)

New Issue Premium

Orders

Ratings

Baa2/BBB/A

Geographic distribution

Investor distribution

Bond comment

https://www.globalcapital.com/article/b1mtmqmn8mf3j4/european-banks-turn-to-sub-debt-in-yankee-summer-spree

05-Aug-20BNP Paribas12-Aug-351500$205.0UST15NC10 tier twoBNPPFrance

Coupon

2.588%

Books(m)

New Issue Premium

Orders

Ratings

Aa3/A+/A+

Geographic distribution

Investor distribution

Bond comment

https://www.globalcapital.com/article/b1mtmqmn8mf3j4/european-banks-turn-to-sub-debt-in-yankee-summer-spree

04-Aug-20Credit Suisse1500$5.3%PNC6.5 AT1CSSwitzerland

Coupon

5.25%

Books(m)

New Issue Premium

Orders

Ratings

Baa2/BBB+/A-

Geographic distribution

Investor distribution

Bond comment

https://www.globalcapital.com/article/b1msmhy11gwzkw/credit-suisse-lifts-lid-on-august-supply-with-dollar-at1

22-Jul-20Raiffeisen Bank International5006.0%PNC Dec 26 AT1BC/GS/JP/RBI/UBSAustria

Coupon

6%

Books(m)

1100

New Issue Premium

Orders

Ratings

A3/A-/—

Geographic distribution

Investor distribution

Bond comment

https://www.globalcapital.com/article/b1mlw62rphxczp/rbi-takes-at1-home-in-pre-earnings-window

22-Jul-20UBS Group750$5.1%PNC6 AT1UBSSwitzerland

Coupon

5.125%

Books(m)

5750

New Issue Premium

Orders

Ratings

—/A-/A+

Geographic distribution

Investor distribution

Bond comment

https://www.globalcapital.com/article/b1mmdpzgbld5ms/no-time-like-the-present-banks-consider-summer-supply

15-Jul-20de Volksbank22-Oct-30500210.0ms10.25NC5.25 tier two greenABN/BoA/JP/Nomura/UBSNetherlands

Coupon

1.75%

Books(m)

1750

New Issue Premium

Orders

Ratings

A3/A-/A-

Geographic distribution

Investor distribution

Bond comment

https://www.globalcapital.com/article/b1mjc2wc4t45x1/de-volksbank-extends-green-trend-to-tier-twos

15-Jul-20Nationwide Building Society22-Jul-25100060.0msseniorBNPP/DB/Lloyds/NWUK

Coupon

0.25%

Books(m)

1600

New Issue Premium

Orders

Ratings

A1/A/A+

Geographic distribution

Investor distribution

Bond comment

https://www.globalcapital.com/article/b1mhvz0jqr5b9l/nationwide-hits-squeezed-senior-market-in-return-to-euros

15-Jul-20UniCredit22-Jul-271250255.0ms7NC6 bail-in seniorBC/GS/Natixis/Santander/SG/UniCreditItaly

Coupon

2.2%

Books(m)

1850

New Issue Premium

Orders

Ratings

Baa1/BBB/BBB-

Geographic distribution

Investor distribution

Bond comment

https://www.globalcapital.com/article/b1mj73cthvt2mr/banks-to-frontload-bond-supply-ahead-of-uncertainty

10-Jul-20BBVA15-Jul-31300£315.0Gilts11NC6 tier twoBBVA/DB/MS/NomuraSpain

Coupon

3.104%

Books(m)

300

New Issue Premium

Orders

Ratings

A3/A-/A-

Geographic distribution

Investor distribution

Bond comment

https://www.globalcapital.com/article/b1mgx1126sqq4j/banks-will-carry-on-39looking-at-windows39-in-earnings-season

09-Jul-20AMCO17-Jul-231250135.0BTPsseniorEquita/JP/UBS/MS/SG/UniCreditItaly

Coupon

1.5%

Books(m)

3250

New Issue Premium

Orders

Ratings

—/BBB/BBB-

Geographic distribution

Investor distribution

Bond comment

https://www.globalcapital.com/article/b1mgx1126sqq4j/banks-will-carry-on-39looking-at-windows39-in-earnings-season

09-Jul-20AMCO17-Jul-27750140.0BTPsseniorEquita/JP/UBS/MS/SG/UniCreditItaly

Coupon

2.25%

Books(m)

2000

New Issue Premium

Orders

Ratings

—/BBB/BBB-

Geographic distribution

Investor distribution

Bond comment

https://www.globalcapital.com/article/b1mgx1126sqq4j/banks-will-carry-on-39looking-at-windows39-in-earnings-season

08-Jul-20Bankinter3506.3%PNC6 AT1Bankinter/BBVA/BC/CA/NatixisSpain

Coupon

6.25%

Books(m)

800

New Issue Premium

Orders

Ratings

Baa1/BBB+/—

Geographic distribution

Investor distribution

Bond comment

https://www.globalcapital.com/article/b1mgx1126sqq4j/banks-will-carry-on-39looking-at-windows39-in-earnings-season

08-Jul-20CCR Re15-Jul-40300310.0ms20NC10 insurance tier twoHSBC/Natixis/CAFrance

Coupon

2.875%

Books(m)

1600

New Issue Premium

Orders

Ratings

—/A/—

Geographic distribution

Investor distribution

Bond comment

https://www.globalcapital.com/article/b1mgx1126sqq4j/banks-will-carry-on-39looking-at-windows39-in-earnings-season

07-Jul-20Crédit Agricole Assurances17-Jul-301000220.0msinsurance tier twoCAFrance

Coupon

2%

Books(m)

3200

New Issue Premium

Orders

Ratings

—/A-/—

Geographic distribution

Investor distribution

Bond comment

https://www.globalcapital.com/article/b1mgx1126sqq4j/banks-will-carry-on-39looking-at-windows39-in-earnings-season

07-Jul-20BBVA10006.0%PNC5.5 green AT1BC/BBVA/BNPP/CITI/JP/SGSpain

Coupon

6%

Books(m)

2750

New Issue Premium

Orders

Ratings

A3/A-/A-

Geographic distribution

Investor distribution

Bond comment

https://www.globalcapital.com/article/b1mgx1126sqq4j/banks-will-carry-on-39looking-at-windows39-in-earnings-season

07-Jul-20Rabobank10004.4%PNC7.5 AT1BofA/CS/HSBC/GS/Rabo/UBSNetherlands

Coupon

4.375%

Books(m)

3000

New Issue Premium

Orders

Ratings

Aa3/A+/AA-

Geographic distribution

Investor distribution

Bond comment

https://www.globalcapital.com/article/b1mgx1126sqq4j/banks-will-carry-on-39looking-at-windows39-in-earnings-season

06-Jul-20Assicurazioni Generali14-Jul-31600255.0msinsurance tier twoBofA/DB/BC/Citi/Mediobanca/NatixisItaly

Coupon

2.429%

Books(m)

4500

New Issue Premium

Orders

Ratings

Baa1/—/A-

Geographic distribution

Investor distribution

Bond comment

https://www.globalcapital.com/article/b1mgx1126sqq4j/banks-will-carry-on-39looking-at-windows39-in-earnings-season

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

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 376.57 1413 9.24%
2 BofA Securities 324.70 1237 7.97%
3 Citi 315.60 1194 7.74%
4 Goldman Sachs 228.62 803 5.61%
5 Barclays 217.30 861 5.33%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 60.87 123 14.06%
2 Credit Agricole CIB 28.59 93 6.60%
3 Santander 25.41 90 5.87%
4 JPMorgan 23.88 61 5.52%
5 UniCredit 21.51 103 4.97%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 Goldman Sachs 7.32 38 14.80%
2 Credit Suisse 5.81 24 11.75%
3 BofA Securities 4.52 28 9.14%
4 JPMorgan 4.07 29 8.23%
5 Morgan Stanley 3.55 15 7.18%