Top News

  • Europe preps for negative yield creep after fresh QE hints

    Bond yields were in free-fall this week after the world’s two major central banks suggested they might ease their monetary policies further to prevent an economic downturn. With masses of global debt now yielding below 0%, some corporate and financial borrowers are standing on the brink of having to issue shorter term paper at negative rates.

    • 20 Jun 2019
  • Piraeus offers hope to Greek banks after breaking into T2

    Piraeus Bank offered hope to other Greek banks hoping to access bond funding by printing a tier two bond on Wednesday. It was the first Greek issuer to have sold a deal in this asset class since the financial crisis, getting hefty orders in the process.

    • 20 Jun 2019
  • FIG bankers spy golden window for second tier names

    DCM bankers say that market conditions are just right for some of Europe’s smaller and more marginalised financial institutions to bring new bond deals ahead of the summer.

    • 20 Jun 2019
  • CNP Assurances mandates for rare green sub deal

    CNP Assurances said on Thursday that it had picked banks to arrange the sale of a green tier two, adding its name to only a small list of financial borrowers that have sought to bring in green funding in a subordinated format.

    • 20 Jun 2019
  • Spot the difference

    An innovative senior bond sold by UniCredit this week showed how blurred the lines have become between what is up for grabs in a resolution and what is not.

    • 20 Jun 2019
 

Latest News


  • NatWest makes krona debut as Avida raises AT1

    Three Nordic banks and one British bank placed paper in Swedish krona this week. NatWest Markets made its debut in the currency, while Scandinavian-based Avida Finans printed its first AT1. Avida Finans plans to follow this debut AT1 with a future stock exchange listing.

    • 21 Jun 2019
  • Big demand for Barclays' Kanga return

    Barclays returned to the Australian dollar market this week for its second Kangaroo, placing a triple tranche trade that was four times covered. The demand for Kangaroo paper could see more issuers follow Barclays, according to one DCM banker.

    • 21 Jun 2019
  • Investors eat up latest from PNB

    Investors swarmed Philippine National Bank’s (PNB) $750m bond sale, as they sought out diversity in a market overrun with Chinese paper.

    • 21 Jun 2019
  • Commission regrets strict internal capital rules

    Figures from the banking sector and its regulators at the Institute of International Finance’s European Summit in Brussels this week attacked the severity of European rules on the capital that bank subsidiaries in host countries must hold.

    • 20 Jun 2019
  • Santander triple dips in dollars as issuers relish drop in yields

    Santander this week showed the breadth of its funding options with a third dollar deal in as many weeks as it exploited red-hot conditions for senior preferred paper.

    • 20 Jun 2019
  • ECB: eurozone banks must reform culture to control ‘dominant’ CEO

    European banks must reform their governance and compliance rules as part of a concerted effort to enact a “cultural shift” and regain the trust of their customers in the wake of a series of scandals, said Andrea Enria, chair of the ECB supervisory board.

    • 20 Jun 2019
  • Moody’s gives Turkey’s lenders a scapegoat

    Banks pride themselves on analysing and pricing credit. But are they really just slaves to the rating agencies?

    • 20 Jun 2019
  • Europe preps for negative yield creep after fresh QE hints

    Bond yields were in free-fall this week after the world’s two major central banks suggested they might ease their monetary policies further to prevent an economic downturn. With masses of global debt now yielding below 0%, some corporate and financial borrowers are standing on the brink of having to issue shorter term paper at negative rates.

    • 20 Jun 2019
  • CNP Assurances mandates for rare green sub deal

    CNP Assurances said on Thursday that it had picked banks to arrange the sale of a green tier two, adding its name to only a small list of financial borrowers that have sought to bring in green funding in a subordinated format.

    • 20 Jun 2019
  • Bankia hoovers up demand for inaugural SNP

    Bankia sold its first senior non-preferred bond this week after the market rallied following a dovish speech from Mario Draghi, president of the European Central Bank. The issuance attracted a hefty book of €3.7bn, more than seven times its pre-determined size of €500m.

    • 20 Jun 2019

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The GlobalCapital View logo   Comment

  • Moody’s gives Turkey’s lenders a scapegoat

    Banks pride themselves on analysing and pricing credit. But are they really just slaves to the rating agencies?

    • 20 Jun 2019
  • Spot the difference

    An innovative senior bond sold by UniCredit this week showed how blurred the lines have become between what is up for grabs in a resolution and what is not.

    • 20 Jun 2019

more comment

FIG Priced Deals Database

IssuerSizeType
Crédit Mutuel Arkéa500non-preferred senior
Islandsbanki300senior
Criteria Caixa600senior
Aareal Bank400senior
Citi1350senior
UBI Banca500senior
KBC Group500non-preferred senior
Ageas500tier two
NIBC Bank300non-preferred senior
DNB Bank500senior


Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Bank of America Merrill Lynch 48,377.80 206 6.35%
2 Citi 46,289.08 242 6.08%
3 JPMorgan 43,272.98 224 5.68%
4 Morgan Stanley 32,027.81 185 4.20%
5 HSBC 31,394.70 193 4.12%

Bookrunners of Global Covered Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 UniCredit 8,974.41 77 5.90%
2 HSBC 8,592.02 43 5.65%
3 LBBW 8,280.86 47 5.44%
4 Barclays 6,490.00 33 4.26%
5 Natixis 6,473.22 31 4.25%

Bookrunners of Global Covered Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 UniCredit 8,974.41 77 5.90%
2 HSBC 8,592.02 43 5.65%
3 LBBW 8,280.86 47 5.44%
4 Barclays 6,490.00 33 4.26%
5 Natixis 6,473.22 31 4.25%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Bank of America Merrill Lynch 48,377.80 206 6.35%
2 Citi 46,289.08 242 6.08%
3 JPMorgan 43,272.98 224 5.68%
4 Morgan Stanley 32,027.81 185 4.20%
5 HSBC 31,394.70 193 4.12%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Bank of America Merrill Lynch 39,681.52 169 11.81%
2 Citi 36,163.90 186 10.76%
3 JPMorgan 33,931.52 167 10.10%
4 Morgan Stanley 23,766.77 132 7.07%
5 Wells Fargo Securities 22,356.72 97 6.65%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Natixis 5,346.40 20 6.84%
2 LBBW 5,291.48 20 6.77%
3 HSBC 4,549.39 16 5.82%
4 Deutsche Bank 4,534.04 16 5.80%
5 Credit Agricole CIB 4,493.73 19 5.75%

Global FIG Revenue

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 02 May 2016
1 Morgan Stanley 365.83 497 7.62%
2 JPMorgan 332.66 618 6.92%
3 Bank of America Merrill Lynch 299.89 590 6.24%
4 Goldman Sachs 276.71 375 5.76%
5 Citi 264.54 592 5.51%

Bookrunners of European Subordinated FIG

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 Barclays 5,933.32 13 16.21%
2 UBS 3,778.43 15 10.32%
3 Credit Agricole CIB 3,549.81 11 9.70%
4 BNP Paribas 2,554.19 12 6.98%
5 HSBC 1,977.94 14 5.40%