Top stories

  • FIG executions get tougher as HSBC plans AT1 flood

    Syndicates have encountered some difficulty in placing financial institution bonds this week, but there is optimism in the face of widening spreads. This is just as well for HSBC’s plans to raise $5bn-$7bn of the most risky form of bank debt in the first half of the year.

    • 22 Feb 2018

  • Vivat bonds tumble as Beijing takes control

    Outstanding bonds issued by Vivat NV, the Dutch insurance group, suffered on Friday morning after its parent company Anbang Insurance Group was seized by Chinese authorities — but a sale to a European firm could provide an upside for bondholders.

    • 23 Feb 2018
  • Make bank bankruptcy great again, says US Treasury

    The US Department of the Treasury defied Republican calls to scrap the Orderly Liquidation Authority this week, after publishing a report in which it recommended an overhaul of the nation’s framework for dealing with failing banks.

    • 22 Feb 2018
  • Evidence builds of tighter green bond pricing

    A new study of green bond pricing has stopped short of saying that green bond issuers can generally expect to get tighter new issue premiums. But the report’s lead author did say: “Green bond buyers can’t expect to receive a new issue premium — that is itself quite a bold statement.”

    • 22 Feb 2018
  • All quiet at the front end as Yankee banks roll in

    Yankee banks shunned the short end of the curve this week as they returned to the dollar market after reporting earnings.

    • 22 Feb 2018
  • Albaraka Turk provides blueprint for Turkish AT1

    Albaraka Turk broke new ground last week it has emerged, issuing the first ever Basel III-compliant additional tier one (AT1) from Turkey in a private placement. The deal has set a structuring template for future Turkish AT1 issuance, and has sparked interest among those looking to bring the next, possibly public benchmark, deal, writes Virginia Furness.

    • 22 Feb 2018
  • Unipol goes tight with tier two ahead of Italian election

    UnipolSai Assicurazioni, the insurance branch of Unipol Gruppo, came to the market on Thursday with a no-grow €500m tier two deal, which was priced inside some expectations of fair value.

    • 22 Feb 2018
  • Barclays trading assets balloon as bank gets back in the game

    Barclays reported annual results on Thursday, revealing the huge scale of the firm’s trading balance sheet expansion in 2017, as it scales back up in its historical strength of macro trading. But the low volatility last year weighed on returns, and the growth in the trading book has yet to deliver the profits it hopes for.

    • 22 Feb 2018
  • Intesa opens new yen funding route for Italian issuers

    Intesa Sanpaolo has overcome Japanese concerns about Italy to become the first ever Italian bank to sell a Tokyo Pro-Bond.

    • 22 Feb 2018
  • De Volksbank and ANZ NZ hit the covered road

    De Volksbank has appointed joint leads for a roadshow with plans to issue a 10 year benchmark covered bond — a tenor that has tended to be a little unloved in the secondary market. ANZ New Zealand has also appointed leads for a roadshow.

    • 22 Feb 2018
  • OCBC's covered bond size ambitions thwarted

    Overseas Chinese Banking Corporation (OCBC) had adequate demand to print a €500m five year covered bond on Thursday, and though it was unable to reach the upper end of its size ambitions, it was able to issue the tightest Singaporean covered bond in euros.

    • 22 Feb 2018
Capital markets data from GlobalCapital


Go to GlobalCapital's FIG data pages for the most up to date information on the global financial institution bond markets. Find our FIG bond comments, FIG league tables by Dealogic and our priced deals database.

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FIG Priced Deals Database

IssuerMaturitySize
ING Groep14-Feb-251000
Santander08-Feb-281250
Just Group07-Feb-25230
Nordea07-Feb-221000
Belfius500


Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Goldman Sachs 16,645.90 69 6.84%
2 Morgan Stanley 16,288.66 59 6.69%
3 JPMorgan 16,212.01 56 6.66%
4 Bank of America Merrill Lynch 15,866.43 43 6.52%
5 Citi 14,967.16 63 6.15%

Bookrunners of Global Covered Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Natixis 4,052.17 16 6.87%
2 UniCredit 3,888.71 20 6.59%
3 Credit Suisse 3,715.52 17 6.30%
4 Barclays 3,348.56 16 5.67%
5 Deutsche Bank 2,972.40 12 5.04%

Bookrunners of Global Covered Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Natixis 4,052.17 16 6.87%
2 UniCredit 3,888.71 20 6.59%
3 Credit Suisse 3,715.52 17 6.30%
4 Barclays 3,348.56 16 5.67%
5 Deutsche Bank 2,972.40 12 5.04%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Goldman Sachs 16,645.90 69 6.84%
2 Morgan Stanley 16,288.66 59 6.69%
3 JPMorgan 16,212.01 56 6.66%
4 Bank of America Merrill Lynch 15,866.43 43 6.52%
5 Citi 14,967.16 63 6.15%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Goldman Sachs 15,573.24 61 10.79%
2 Bank of America Merrill Lynch 14,541.23 37 10.08%
3 JPMorgan 14,141.75 39 9.80%
4 Morgan Stanley 13,590.57 45 9.42%
5 Citi 13,439.84 50 9.31%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Natixis 3,768.78 13 10.71%
2 UniCredit 2,555.78 10 7.26%
3 Deutsche Bank 2,505.35 8 7.12%
4 SG Corporate & Investment Banking 2,239.57 9 6.36%
5 Credit Suisse 2,135.65 6 6.07%

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 UBS 2,543.19 7 19.67%
2 Credit Agricole CIB 2,031.40 2 15.71%
3 SG Corporate & Investment Banking 1,447.57 4 11.19%
4 BNP Paribas 1,314.77 3 10.17%
5 JPMorgan 657.14 4 5.08%