Latest Bank/Insurance Capital 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
  • 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
  • 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
  • Piraeus tightens 50bp to land €400m T2 at 9.75%

    Piraeus Bank found enough appetite in the market on Wednesday to launch the first tier two bond out of Greece since the crisis. It raised €400m of capital at a coupon of 9.75% — 50bp tighter than initial price thoughts.

    • 19 Jun 2019
  • Investors warm to low reset AT1s as thirst for yield increases

    Investors looking for some extra returns in the financial institutions bond market after an impressive rally this year have started seeing value in additional tier ones with low reset spreads, despite the risk that the bonds will not be called at the first opportunity.

    • 19 Jun 2019
  • Guangzhou RCB prices ‘ironically’ tight AT1

    As the crisis at Baoshang Bank and Bank of Jinzhou continues to brew, Hong Kong-listed Guangzhou Rural Commercial Bank priced a $1.43bn Basel III-compliant additional tier one (AT1) note at a level that was well inside where similarly rated small Chinese lenders were trading in the secondary market.

    • 14 Jun 2019
  • Mexican lender Banorte hits road for AT1

    Mexico’s largest locally owned bank, Banco Mercantil del Norte (Banorte), has begun meeting fixed income investors as it looks to test investor appetite for the country's credit with a new subordinated bond.

    • 13 Jun 2019
  • Piraeus to offer T2 amid supportive market conditions

    Greece's Piraeus Bank said on Thursday that it would issue a tier two bond with a 10 year non-call five maturity, after announcing last year that it was waiting for the "right timing" to make good on capital strengthening plans agreed with the European Central Bank.

    • 13 Jun 2019
  • Lloyds nails fair value for AT1 despite uncertainty over UK leadership

    Lloyds Banking Group found room to tighten pricing by 50bp for a new additional tier one (AT1) this week, though investors are having to second guess what a new prime minister in the UK might mean for the country’s approach to Brexit. At the same time Barclays added to its recent activity in the subordinated bond market, opening books on a tier two on Thursday.

    • 13 Jun 2019
  • Investors being ‘pushed’ to riskier assets

    Investors are being forced towards riskier instruments for better returns, with safer assets looking expensive.

    • 10 Jun 2019

Bank/Insurance Capital news archive



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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.

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%