Latest Senior Debt news
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Chinese SOE, FIs serve up IG bond feast
The market welcomed a dose of investment grade rated corporate and financial supply on Thursday. State-owned enterprise (SOE) Shougang Group saw its bond rally in the aftermarket, while onshore brokerage Huatai Securities and China Ping An Insurance Overseas also managed to price deals tightly.
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HSBC re-opens Yankee bank market
HSBC led a surge in dollar bond supply as high-grade banks sprang back into issuance mode after a two-week layoff.
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Hamburg Commercial issues pref note in strong debut
Hamburg Commercial Bank priced its inaugural public bond on Thursday, a preferred senior deal which seemed to be unaffected by the litigation threat the bank is facing as it attracted €1.2bn of demand.
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Erste Group achieves impressive demand on non-pref debut
Erste Group priced its inaugural non-preferred senior bond on Wednesday, meeting demand of more than more than four times the deal's €500m size.
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LBBW makes an impact with second green senior deal
LBBW's second green senior bond, issued on Wednesda,y was comfortably oversubscribed and had many more orders than its debut deal, even though the market backdrop was more volatile this time round. At the same time Westpac New Zealand mandated leads for a roadshow ahead of its own debut green senior bond.
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FIG investors show greater caution as trade war rages
Investors in bank bonds were taking profits this week and heading for cover, hoping for better markets before they participate in new deals following the escalation of trade antagonism between the US and China.
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FIS makes big appearance in euro and sterling markets
Fidelity National Information Services (FIS) went to market today to issue a six-tranche euro and a two tranche sterling deal. It intends to raise debt to finance the acquisition of Worldpay as announced last month.
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NAB hunts for cheap dual-tranche deal in euros
National Australia Bank went to investors on Monday with a dual-tranche deal, looking to make use of favourable conditions in the euro market. It was the first Australian name to issue euro-denominated notes since Westpac in November 2018.
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Investors put in €1.5bn orders for HSBC’s preferred senior
HSBC reopened the financial institutions bond market on Friday with the sale of a senior preferred note that pulled in demand of €1.5bn two hours after the trade started.
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Investors to snub Hamburg Commercial Bank debut
Hamburg Commercial Bank is looking to land a debut senior bond in the euro market in May, hoping to open a new chapter in the history of the restructured HSH Nordbank. But the institution may find it difficult to move on, with a group of influential investors angry over previous management decisions threatening to derail the deal.
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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Bank Profiles
Latest news by market and league table performance
Bookrunners of Global Covered Bonds
| Rank | Lead Manager | Amount $m | No of issues | Share % |
|---|---|---|---|---|
| 1 | UniCredit | 8,193.67 | 66 | 6.50% |
| 2 | HSBC | 7,294.00 | 37 | 5.79% |
| 3 | LBBW | 6,988.86 | 39 | 5.55% |
| 4 | Natixis | 5,749.17 | 27 | 4.56% |
| 5 | Barclays | 5,557.78 | 30 | 4.41% |
Bookrunners of Global FIG
| Rank | Lead Manager | Amount $m | No of issues | Share % |
|---|---|---|---|---|
| 1 | Citi | 41,447.11 | 199 | 6.91% |
| 2 | Bank of America Merrill Lynch | 38,563.61 | 156 | 6.43% |
| 3 | JPMorgan | 36,010.73 | 172 | 6.00% |
| 4 | Morgan Stanley | 26,869.51 | 149 | 4.48% |
| 5 | HSBC | 25,475.20 | 147 | 4.25% |
Bookrunners of Dollar Denominated FIG
| Rank | Lead Manager | Amount $m | No of issues | Share % |
|---|---|---|---|---|
| 1 | Citi | 32,701.14 | 156 | 11.96% |
| 2 | Bank of America Merrill Lynch | 31,706.88 | 129 | 11.60% |
| 3 | JPMorgan | 29,082.99 | 133 | 10.64% |
| 4 | Morgan Stanley | 19,776.50 | 105 | 7.23% |
| 5 | Goldman Sachs | 16,708.90 | 173 | 6.11% |
Bookrunners of Euro Denominated Covered Bond Above €500m
| Rank | Lead Manager | Amount $m | No of issues | Share % |
|---|---|---|---|---|
| 1 | LBBW | 4,741.33 | 18 | 6.99% |
| 2 | Natixis | 4,734.75 | 17 | 6.98% |
| 3 | Credit Agricole CIB | 4,174.25 | 17 | 6.16% |
| 4 | UniCredit | 4,163.16 | 19 | 6.14% |
| 5 | HSBC | 3,974.99 | 14 | 5.86% |
Global FIG Revenue
| Rank | Lead Manager | Amount $m | No of issues | Share % |
|---|---|---|---|---|
| 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 % |
|---|---|---|---|---|
| 1 | Credit Agricole CIB | 3,425.91 | 10 | 11.23% |
| 2 | UBS | 3,334.58 | 12 | 10.93% |
| 3 | Barclays | 3,229.69 | 10 | 10.59% |
| 4 | BNP Paribas | 2,554.19 | 12 | 8.37% |
| 5 | HSBC | 1,877.94 | 13 | 6.16% |
