Latest Bank/Insurance Capital news

  • 'Big spread', little supply helps Arkéa to 8x subscription on first callable T2

    More than 250 investors put in orders for Crédit Mutuel Arkéa’s first ever callable tier two bond on Wednesday, finding an attractive pick-up in spread versus subordinated bonds sold by other French banks.

    • 01:00 PM
  • Investors sing the praises of fledging RT1 market

    ASR Nederland completed the first sale of restricted tier one (RT1) capital in a major currency last week but the deal has remained very popular in the secondary market, with buyers praising the new structure’s investor-friendly qualities.

    • 11:00 AM
  • China Merchants joins dollar AT1 party

    China Merchants Bank has named the leads on its proposed dollar additional tier one transaction, two months after receiving regulatory approval.

    • 07:00 AM
  • Berlin Hyp follows Japanese into blossoming euro greens

    Berlin Hyp has become the latest FIG issuer to enter the green senior unsecured market in euros, after Sumitomo Mitsui Financial Group (SMFG) and Mizuho Financial Group opened up issuance from Japan earlier this month.

    • 17 Oct 2017
  • Hunt for yield allows Pru through fixed-for-life market

    Prudential plc secured an attractive rate of funding for life when it sold a new perpetual tier two bond on Tuesday, but market participants remain unclear whether or not there is enough demand for fixed-for-life coupons to allow a flurry of new issuance from other European insurers.

    • 17 Oct 2017
  • Prudential bids to reopen fixed-for-life debt market

    Prudential plc will look to sell a tier two bond with a coupon that is fixed for life this week, about a year on from the last time European insurers showed keen interest in issuing the product.

    • 16 Oct 2017
  • India mulls recap bonds to tackle banks’ capital shortfall

    The possible return of recapitalisation bonds after a two decade absence could help India tackle a triple threat of a stressed banking sector, rising leverage among corporates and challenges to the public financial system

    • 15 Oct 2017
  • Italian bank fundraising: not all la dolce vita

    At first glance the flurry of Italian banks entering the capital markets — including such unfamiliar names as Banca Popolare Dell’alto Adige (BPAA) and Banca Sistema — is an indication that international investors will lap up the debt of Italian minnows just as readily as they do for larger lenders in other peripheral Eurozone countries.

    • 12 Oct 2017
  • Bella Italia: improved sector brings FIG deal rush

    Improved investor confidence in Italy has been conducive to issuance, although some trades remain domestically focused.

    • 12 Oct 2017
  • ‘Small deal, big splash’ as ASR unveils first euro RT1

    ASR Nederland brought its perpetual non-call 10 year restricted tier one (RT1) deal on Thursday, the first RT1 instrument to be issued in a core currency.

    • 12 Oct 2017

Bank/Insurance Capital news archive



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Bookrunners of Global Covered Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 10,366.35 53 6.13%
2 UniCredit 8,290.73 65 4.90%
3 BNP Paribas 7,888.81 37 4.66%
4 LBBW 7,715.16 44 4.56%
5 Commerzbank Group 7,314.58 47 4.32%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Morgan Stanley 91,301.25 371 7.11%
2 Bank of America Merrill Lynch 82,995.76 326 6.47%
3 Citi 82,538.37 489 6.43%
4 Goldman Sachs 77,417.62 435 6.03%
5 JPMorgan 74,820.44 359 5.83%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 70,948.10 379 10.97%
2 Bank of America Merrill Lynch 66,776.05 274 10.32%
3 Morgan Stanley 64,170.02 266 9.92%
4 JPMorgan 62,011.49 273 9.59%
5 Goldman Sachs 56,891.64 364 8.80%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 SG Corporate & Investment Banking 5,543.24 22 6.98%
2 LBBW 5,487.17 19 6.90%
3 BNP Paribas 4,946.20 16 6.22%
4 Credit Agricole CIB 4,748.11 18 5.97%
5 Commerzbank Group 4,389.40 18 5.52%

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 9,144.21 24 13.34%
2 HSBC 8,738.18 35 12.75%
3 BNP Paribas 4,721.16 25 6.89%
4 Citi 4,398.19 35 6.42%
5 Credit Suisse 4,325.15 22 6.31%