RMB Deals

Rank Issuer Total Volume Rmb (m) No. of Deals Share % by Volume
1 Bank of China (BOC) 1,800 1 47.37
2 First Abu Dhabi Bank PJSC 1,500 1 39.47
3 Volkswagen International Finance 500 1 13.16

Leveraged Finance Deals

IssuerMaturitySize
Nidda Bondco GmbH 30-Sep-25250
Algeco Global Finance plc 15-Feb-2385
Algeco Global Finance plc 15-Feb-2340
Groupe Ecore Holding SAS 15-Nov-23255
International Design Group SpA 15-Nov-25400

Leveraged Finance Deals Pipeline

IssuerTypeCur.SizeMaturityStatusArrangers
KerneosHY snr sec fixed, floating€335m total€200m min on fixed2021RS Feb 24-27GS

Notes

to finance the acquisition of Kerneos by Astorg Partners

Cabot Financial£105m bridgeHY refi likelyJPM (bridge provider)
FindusHY PIK£rumoured

Notes

to pay £200m dividend

Yioula GlassworksHY165m6NC3investor day heldC
Fresenius€380m still outstanding under bridge€1.8bn initially, €1.42bn repaid
Gamesamulls HY
PrisaHY PIKrumours; to take out loans in restructuring
TDF's French unitauctionGS

Notes

Rexam health care unitauctionB (sell side)

Notes

Netsin auction

Notes

CogetechHY snr sec1655NC2pulled Aug 2, 13BNP, UC, DB
MonierRS in Apr 2012 for €250m bondBNP
Ascometalbridge to HYPulled in Mar/Apr 12BofA, MS
Vivartereceived approval for HYB

Notes

PHSreceived approval for HYB

Notes

Real MadridHYup to €250mrumour

Notes

FIG Deals

DateIssuerMaturitySizeCurrSpreadtoTypeLeadsCountry
12-Jan-21UniCredit19-Jan-311000105.0msseniorUniCreditItaly

Coupon

0.85%

Books(m)

1500

New Issue Premium

5bp

Orders

Ratings

Baa1/BBB/BB-

Geographic distribution

Germany and Austria 27%, France 23%, Italy 18%, UK 15%, Other 10%, Iberia 7%

Investor distribution

Funds 62%, Banks 33%, Insurance 5%

Bond comment

https://www.globalcapital.com/article/b1q3tzynm8fnrk/unicredit-eur1bn-0325-jan-26-eur1bn-085-jan-2031

12-Jan-21UniCredit19-Jan-26100077.0msseniorUniCreditItaly

Coupon

0.325%

Books(m)

1500

New Issue Premium

5bp

Orders

Ratings

Baa1/BBB/BB-

Geographic distribution

Germany and Austria 27%, Italy 23%, France 19%, UK 10%, Iberia 8%, Other 13%

Investor distribution

Funds 61%, Banks 36%, Insurance 2%, Others 1%

Bond comment

https://www.globalcapital.com/article/b1q3tzynm8fnrk/unicredit-eur1bn-0325-jan-26-eur1bn-085-jan-2031

12-Jan-21Banco BPM4006.5%PNC5 AT1Akros/BC/BNPP/Citi/GS/Mediobanca/UBSItaly

Coupon

6.5%

Books(m)

560

New Issue Premium

Orders

Ratings

B3/—/—

Geographic distribution

UK 44%, Italy 31%, France 11%, Others 14%

Investor distribution

Asset managers 70%, Hedge funds 16%, Banks 10%, Others 4%

Bond comment

https://www.globalcapital.com/article/b1q3tyblktjnd6/banco-bpm-eur400m-65-pnc5-at1

12-Jan-21BNP Paribas19-Jan-31100083.0msbail-in seniorBNPPFrance

Coupon

0.5%

Books(m)

1600

New Issue Premium

Orders

Ratings

Baa1/A-/A+

Geographic distribution

Investor distribution

Bond comment

https://www.globalcapital.com/article/b1q2vz8vpfb05n/bnp-paribas-locks-in-snp-funding-at-near-term-tights

12-Jan-21Zurich Insurance Company19-Apr-511750$3.0%30.25NC10.25 subordinatedCiti/HSBC/Mizuho/UBSSwitzerland

Coupon

3%

Books(m)

3600

New Issue Premium

Orders

Ratings

Aa3/AA-/—

Geographic distribution

Investor distribution

Bond comment

https://www.globalcapital.com/article/b1q2vjr5xkp56j/zurich-attracts-strong-demand-on-dollar-sub-debt-return

12-Jan-21BPCE20-Jan-321250$115.0UST11NC10 bail-in seniorBoA/BC/Citi/GS/Natixis/SCB/UBSFrance

Coupon

2.277%

Books(m)

New Issue Premium

Orders

Ratings

Baa2/A-/A

Geographic distribution

Investor distribution

Bond comment

https://www.globalcapital.com/article/b1q44zw009bbcn/rbc-keeps-it-tight-after-super-subs-cash-in

12-Jan-21BPCE20-Jan-263000$60.0USTseniorBoA/BC/Citi/GS/Natixis/SCB/UBSFrance

Coupon

1%

Books(m)

New Issue Premium

Orders

Ratings

A1/A+/A+

Geographic distribution

Investor distribution

Bond comment

https://www.globalcapital.com/article/b1q44zw009bbcn/rbc-keeps-it-tight-after-super-subs-cash-in

11-Jan-21Credit Suisse Group18-Jan-33150083.0msbail-in seniorCSSwitzerland

Coupon

0.625%

Books(m)

3900

New Issue Premium

Orders

Ratings

Baa1/BBB+/A-

Geographic distribution

Investor distribution

Bond comment

https://www.globalcapital.com/article/b1q3tzfrsrrks2/credit-suisse-group-eur15bn-0625-jan-33-15bn-frn-jan-26

11-Jan-21Credit Suisse Group16-Jan-26150068.0three month Euriborbail-in seniorCSSwitzerland

Coupon

three month Euribor plus 100bp

Books(m)

2300

New Issue Premium

Orders

Ratings

Baa1/BBB+/A-

Geographic distribution

Investor distribution

Bond comment

https://www.globalcapital.com/article/b1q3tzfrsrrks2/credit-suisse-group-eur15bn-0625-jan-33-15bn-frn-jan-26

11-Jan-21Banque Fédérative du Crédit Mutuel19-Feb-28100062.0msbail-in seniorBNPP/CS/GS/NatixisFrance

Coupon

0.25%

Books(m)

1650

New Issue Premium

Orders

Ratings

Baa1/A-/A+

Geographic distribution

Investor distribution

Bond comment

https://www.globalcapital.com/article/b1q2dtf9nphplp/muted-demand-for-lbbw-social-snp

11-Jan-21LBBW21-Feb-3175063.0msbail-in senior socialABN/CA/HSBC/ING/LBBW/NatixisGermany

Coupon

0.375%

Books(m)

1150

New Issue Premium

3bp-5bp

Orders

Ratings

A2/—/A-

Geographic distribution

Germany 52%, France 12%, UK and Ireland 9%, Austria 6%, Nordics 5%, Italy 4%, Spain 4%, Asia 3%, Switzerland 2%, Others 3%

Investor distribution

Fund managers 38%, Insurance and pension accounts 29%, Banks and private banks 24%, Central banks and official institutions 9%

Bond comment

https://www.globalcapital.com/article/b1q3tykqc2jll2/lbbw-eur750m-0375-feb-31-bailin-senior-social

11-Jan-21Société Générale07-Dec-27375£120.0Giltsbail-in seniorNWM/RBC/Santander/SGFrance

Coupon

1.25%

Books(m)

550

New Issue Premium

Orders

Ratings

Baa2/BBB/A-

Geographic distribution

Investor distribution

Bond comment

https://www.globalcapital.com/article/b1q2dwrqthzdwx/sg-follows-bnp-paribas-into-sterling

08-Jan-21Banco Sabadell15-Apr-31500295.0ms10.25NC5.25 tier twoSabadell/Citi/CA/GS/HSBC/NomuraSpain

Coupon

2.5%

Books(m)

1400

New Issue Premium

Orders

Ratings

—/BB+/BB

Geographic distribution

Investor distribution

Bond comment

https://www.globalcapital.com/article/b1q12t7wrp5q82/sabadell-sells-first-bond-since-end-of-merger-talks-with-bbva

07-Jan-21Abanca3756.0%PNC5.5 AT1BC/BoA/CA/GS/JPSpain

Coupon

6%

Books(m)

New Issue Premium

Orders

Ratings

—/—/B+

Geographic distribution

Investor distribution

Bond comment

https://www.globalcapital.com/article/b1q0qxlkfnxt9p/abanca-optimises-capital-structure-with-new-at1

07-Jan-21New York Life14-Dec-28650£60.0GiltsFA-backed seniorBC/DB/HSBC/JPUS

Coupon

0.75%

Books(m)

1100

New Issue Premium

Orders

Ratings

Aaa/AA+/AAA

Geographic distribution

Investor distribution

Bond comment

07-Jan-21KBC Group14-Jan-2175060.0ms8NC7 bail-in seniorDB/GS/KBC/MS/SG/UBSBelgium

Coupon

0.125%

Books(m)

New Issue Premium

Orders

Ratings

Baa1/A-/A

Geographic distribution

Investor distribution

Bond comment

https://www.globalcapital.com/article/b1q0ndssn48bs3/kbc-hits-euros-for-bail-in-debt-as-fig-makes-quieter-start

06-Jan-21BNP Paribas13-Jul-311000£105.0Giltsbail-in seniorBNPPFrance

Coupon

1.25%

Books(m)

New Issue Premium

Orders

Ratings

Baa1/A-/A+

Geographic distribution

Investor distribution

Bond comment

https://www.globalcapital.com/article/b1q06cx6y1gcz3/sterling-start-for-bnp-paribas

05-Jan-21Athene Global Funding12-Jan-28500110.0msFA-backed seniorBC/BNPP/CS/DBUS

Coupon

0.625%

Books(m)

New Issue Premium

Orders

Ratings

—/A/A

Geographic distribution

Investor distribution

Bond comment

https://www.globalcapital.com/article/b1pzr7595jdln5/fab-start-to-the-year-for-us-insurers

05-Jan-21Metropolitan Life Global Funding08-Dec-27500£65.0GiltsFA-backed seniorBC/CS/DB/HSBCUS

Coupon

0.625%

Books(m)

New Issue Premium

Orders

Ratings

Aa3/AA-/AA-

Geographic distribution

Investor distribution

Bond comment

https://www.globalcapital.com/article/b1pzr7595jdln5/fab-start-to-the-year-for-us-insurers

05-Jan-21Société Générale12-Jun-29100095.0ms8NC7 bail-in seniorSGFrance

Coupon

0.5%

Books(m)

New Issue Premium

Orders

Ratings

Baa2/BBB/A-

Geographic distribution

Investor distribution

Bond comment

https://www.globalcapital.com/article/b1q0q0q72nktbb/soci233t233-g233n233rale-eur1bn-05-8nc7-senior-nonpreferred

05-Jan-21Swedbank12-Jan-2875063.0msbail-in seniorBNPP/DB/HSBC/Natixis/SwedbankSweden

Coupon

0.2%

Books(m)

New Issue Premium

Orders

Ratings

Baa1/A-/A+

Geographic distribution

Investor distribution

Bond comment

https://www.globalcapital.com/article/b1pzs2hdxkg635/household-names-pave-way-for-rarer-fig-borrowers

04-Jan-21ING Groep01-Feb-30150070.0ms9NC8 bail-in seniorBC/BBVA/ING/SG/UBS/UniCreditNetherlands

Coupon

0.25%

Books(m)

2100

New Issue Premium

Orders

Ratings

Baa1/A-/A+

Geographic distribution

Investor distribution

Bond comment

https://www.globalcapital.com/article/b1q0q050db98n7/ing-groep-eur15bn-025-9nc8-holdco-senior

11-Dec-20Société Générale1750$5.4%PNC10 AT1SGFrance

Coupon

5.375%

Books(m)

7300

New Issue Premium

Orders

Ratings

Baa2/BB/

Geographic distribution

Investor distribution

Bond comment

https://www.globalcapital.com/article/b1p8k97kkgrdj8/sg-frontloads-with-at1-blowout

11-Dec-20Íslandsbanki20-Nov-23300100.0mssustainable seniorABN/BC/GS/UBSIceland

Coupon

0.5%

Books(m)

900

New Issue Premium

Orders

Ratings

—/BBB/—

Geographic distribution

Investor distribution

Bond comment

https://www.globalcapital.com/article/b1p6yz9nm349t6/rare-fig-trio-make-most-of-good-window

11-Dec-20Hamburg Commercial Bank23-Nov-23500125.0ms3NC2 bail-in senior greenCMZ/DB/GS/NatixisGermany

Coupon

0.75%

Books(m)

1000

New Issue Premium

Orders

Ratings

Baa2/BBB/—

Geographic distribution

Investor distribution

Bond comment

https://www.globalcapital.com/article/b1p6yz9nm349t6/rare-fig-trio-make-most-of-good-window

11-Dec-20Nykredit Realkredit13-Jan-2675070.0msbail-in seniorBoA/BNPP/Erste/ING/NykreditDenmark

Coupon

0.25%

Books(m)

1100

New Issue Premium

0/-3

Orders

Ratings

—/BBB+/A

Geographic distribution

Investor distribution

Bond comment

https://www.globalcapital.com/article/b1p6yz9nm349t6/rare-fig-trio-make-most-of-good-window

07-Dec-20Société Générale14-Dec-262000$110.0UST6NC5 bail-in seniorBoA/Citi/CS/GS/MSFrance

Coupon

1.488%

Books(m)

4750

New Issue Premium

Orders

Ratings

A1/A+/A-

Geographic distribution

Investor distribution

Bond comment

https://www.globalcapital.com/article/b1pmblcsfhflms/european-bank-pair-take-pre-christmas-trip-to-dollars

03-Dec-20Barclays plc10-Dec-241500$80.0UST4NC3 bail-in seniorBCUK

Coupon

1.007%

Books(m)

New Issue Premium

-5

Orders

Ratings

Baa2/BBB/A

Geographic distribution

Investor distribution

Bond comment

https://www.globalcapital.com/article/b1pjksjj56mzzh/barclays-glides-through-fair-value-on-fifth-trip-to-dollars

03-Dec-20Banco BPM14-Jan-31350380.0ms10NC5 tier twoAkros/BoA/CS/DB/HSBC/UniCItaly

Coupon

3.25%

Books(m)

700

New Issue Premium

4

Orders

Ratings

Ba2/—/—

Geographic distribution

Investor distribution

Bond comment

https://www.globalcapital.com/article/b1pj9119crsnjd/any-yield-will-do-all-bets-on-as-risky-italians-grace-fig-primary

03-Dec-20Illimity Bank11-Dec-233003.4msseniorBNPP/Intesa/MS/NWItaly

Coupon

3.375%

Books(m)

1000

New Issue Premium

Orders

Ratings

—/—/B+

Geographic distribution

Investor distribution

Bond comment

https://www.globalcapital.com/article/b1pj9119crsnjd/any-yield-will-do-all-bets-on-as-risky-italians-grace-fig-primary

02-Dec-20Credit Suisse Group1500$4.5%PNC10 AT1CSSwitzerland

Coupon

4.5%

Books(m)

11000

New Issue Premium

0

Orders

Ratings

Baa1/BBB+/A-

Geographic distribution

Investor distribution

Bond comment

https://www.globalcapital.com/article/b1pj799h496pjs/credit-suisse-finds-window-for-record-low-at1-print

02-Dec-20Crédit Agricole09-Dec-27100060.0msbail-in senior socialCAFrance

Coupon

0.125%

Books(m)

2250

New Issue Premium

-5

Orders

Ratings

Baa1/A-/A+

Geographic distribution

Investor distribution

Bond comment

https://www.globalcapital.com/article/b1pj85jc3zmpk0/record-low-spreads-on-offer-for-esg-bank-issues

01-Dec-20Banca Monte dei Paschi di Siena09-Jan-26750240.0msseniorCS/DB/Intesa/MPS/SGItaly

Coupon

1.875%

Books(m)

1700

New Issue Premium

5

Orders

Ratings

Caa1/—/B

Geographic distribution

Investor distribution

Bond comment

https://www.globalcapital.com/article/b1pj9119crsnjd/any-yield-will-do-all-bets-on-as-risky-italians-grace-fig-primary

01-Dec-20CNP Assurances08-Mar-2050078.0mstier threeCiti/CS/DB/MS/Natixis/SGFrench

Coupon

0.375%

Books(m)

2100

New Issue Premium

-2

Orders

Ratings

A3/BBB+/—

Geographic distribution

Investor distribution

Bond comment

https://www.globalcapital.com/article/b1ph8r87ncp3dz/cnp-makes-assured-return-to-t3

01-Dec-20DZ Bank08-Dec-2725048.0msbail-in senior greenDZGermany

Coupon

0.05%

Books(m)

850

New Issue Premium

Orders

Ratings

Aa1/AA-/AA-

Geographic distribution

Investor distribution

Bond comment

https://www.globalcapital.com/article/b1pj85jc3zmpk0/record-low-spreads-on-offer-for-esg-bank-issues

26-Nov-20BNP Paribas03-Dec-32150080.0msbail-in seniorBNPPFrance

Coupon

0.625%

Books(m)

3200

New Issue Premium

0/3

Orders

Ratings

Baa1/A-/A+

Geographic distribution

Investor distribution

Bond comment

https://www.globalcapital.com/article/b1pf1zvsymrblp/investors-give-thanks-for-long-dated-bnp-paribas-bond

26-Nov-20Close Brothers03-Dec-30350£145.0GiltsseniorHSBC/NW/SGUK

Coupon

1.625%

Books(m)

1400

New Issue Premium

Orders

Ratings

Aa3/—/A-

Geographic distribution

Investor distribution

Bond comment

https://www.globalcapital.com/article/b1pf29w6r3tzhm/close-brothers-extends-sterling-curve-at-next-to-no-cost

25-Nov-20Svenska Handelsbanken02-Dec-2750040.0msbail-in senior greenBoA/Svenska/UBSSweden

Coupon

0.01%

Books(m)

1600

New Issue Premium

-3

Orders

Ratings

A3/A/AA

Geographic distribution

Investor distribution

Bond comment

https://www.globalcapital.com/article/b1pf5k635bvc19/bank-senior-market-teeters-on-brink-of-first-negative-yielding-print

25-Nov-20Macquarie Group03-Mar-2875075.0msseniorBNPP/BoA/HSBC/ING/SGAustralia

Coupon

0.35%

Books(m)

3000

New Issue Premium

0

Orders

Ratings

A3/BBB+/—

Geographic distribution

Investor distribution

Bond comment

https://www.globalcapital.com/article/b1pdm177sskj94/macquarie-hits-euros-for-second-deal-of-the-year

25-Nov-20Luminor03-Dec-24300130.0ms4NC3 bail-in seniorJP/LBBW/Luminor/NordeaEstonia

Coupon

0.792%

Books(m)

1100

New Issue Premium

Orders

Ratings

Baa2/—/—

Geographic distribution

Investor distribution

Bond comment

https://www.globalcapital.com/article/b1pdm1kk7bd3kk/luminor-targets-short-end-in-storming-return-to-euros

24-Nov-20Casa Centrale Raiffeisen01-Dec-25150150.0msseniorIntesa/DZItaly

Coupon

1%

Books(m)

550

New Issue Premium

Orders

Ratings

Baa2/—/—

Geographic distribution

Investor distribution

Bond comment

https://www.globalcapital.com/article/b1pd5vyw6rvlbq/rare-pair-go-small-with-senior-pref-deals

24-Nov-20Clearstream Banking01-Dec-2535035.3msseniorCMZ/HSBCGermany

Coupon

0%

Books(m)

3700

New Issue Premium

Orders

Ratings

—/AA/—

Geographic distribution

Investor distribution

Bond comment

https://www.globalcapital.com/article/b1pd542yv4ts38/clearstream-brings-debut-senior-deal-at-negative-yield

20-Nov-20Co-operative Bank27-Nov-25200£9.0%5N4 seniorCS/GSUK

Coupon

9%

Books(m)

New Issue Premium

Orders

Ratings

Caa1/—/—

Geographic distribution

Investor distribution

Bond comment

https://www.globalcapital.com/article/b1pcr16t9yq9hn/co-op-bags-last-gasp-mrel-at-9

18-Nov-20Permanent TSB1257.9%PNC May 2026 AT1Davy/MS/GS/NWIreland

Coupon

7.875%

Books(m)

500

New Issue Premium

Orders

Ratings

Ba1/BB-/—

Geographic distribution

Investor distribution

Bond comment

https://www.globalcapital.com/article/b1p9jpc4hmpj4l/permanent-tsb-garners-at1-demand-amid-light-pipeline

18-Nov-20BPER Banca30-Nov-304003.6%10NC5 tier twoCS/DB/Intesa/SG/UBS/UniCItaly

Coupon

3.625%

Books(m)

1000

New Issue Premium

Orders

Ratings

Ba3/—/BB

Geographic distribution

Investor distribution

Bond comment

https://www.globalcapital.com/article/b1p9j3c8v0hgth/bper-adds-to-flurry-of-sub-benchmark-fig-deals

17-Nov-20BFCM27-Feb-241000$47.0USTseniorBNPP/Citi/GS/WFFrance

Coupon

0.65%

Books(m)

New Issue Premium

2

Orders

Ratings

Aa3/A/AA-

Geographic distribution

Investor distribution

Bond comment

17-Nov-20HSBC Holdings24-May-272000$120.0UST6.5NC5.5 bail-in seniorHSBCUK

Coupon

1.589%

Books(m)

New Issue Premium

10

Orders

Ratings

A2/A-/A+

Geographic distribution

Investor distribution

Bond comment

https://www.globalcapital.com/article/b1p9223zr399dj/deutsche-hsbc-shift-tlac-focus-to-dollars

17-Nov-20Deutsche Bank24-Nov-262000$175.0UST6NC5 bail-in seniorDBGermany

Coupon

2.129%

Books(m)

New Issue Premium

10

Orders

Ratings

Baa3/BBB-/BBB+

Geographic distribution

Investor distribution

Bond comment

https://www.globalcapital.com/article/b1p9223zr399dj/deutsche-hsbc-shift-tlac-focus-to-dollars

17-Nov-20Société Générale24-Nov-301000155.0ms10NC5 tier twoSGFrance

Coupon

1%

Books(m)

2900

New Issue Premium

0/5

Orders

Ratings

Baa3/BBB-/BBB

Geographic distribution

Investor distribution

Bond comment

17-Nov-20Arion Bank27-May-24300115.0msseniorDB/JP/Nomura/UBSIceland

Coupon

0.625%

Books(m)

550

New Issue Premium

5

Orders

Ratings

—/BBB/—

Geographic distribution

Investor distribution

Bond comment

https://www.globalcapital.com/article/b1p92ydc6yw8s5/rare-fig-names-make-use-of-vaccine-booster

Securitization

Europe CLOs Priced Deals

IssuerArrangerSize ($M)
BlackRock Investment Management Credit Suisse462.20
Oaktree Capital ManagementCiti448.20
SankatyBarclays457.97
GSO Capital PartnersBAML449.87
Apollo Management InternationalDeutsche Bank493.50

US CLOs Priced Deals

IssuerArrangerSize ($M)
Brightwood Capital AdvisorsNatixis652.80
Trinitas Capital ManagementWells Fargo406.65
Black Diamond AdviserJP Morgan359.60
Zais Leveraged Loan ManagerRBC280.70
Sound Point Capital ManagementCredit Suisse512.50

All International Bonds

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 JPMorgan 28.16 118 8.09%
2 Citi 27.35 87 7.86%
3 BofA Securities 20.32 74 5.84%
4 BNP Paribas 19.76 67 5.68%
5 HSBC 19.56 72 5.62%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 60.87 123 14.06%
2 Credit Agricole CIB 28.59 93 6.60%
3 Santander 25.41 90 5.87%
4 JPMorgan 23.88 61 5.52%
5 UniCredit 21.51 103 4.97%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 Morgan Stanley 0.94 4 13.47%
2 Goldman Sachs 0.78 5 11.09%
3 Credit Suisse 0.67 3 9.64%
4 HSBC 0.61 3 8.77%
5 BofA Securities 0.61 2 8.70%