BBVA has once again topped the Spanish debt capital markets league tables, garnering a 15% share of the bond market and an 11.3% share of syndicated loans as Mandated Lead Arranger (MLA), according to 9M13 data published by the specialist investment banking platform Dealogic.

In bond issuances, BBVA Corporate & Investment Banking emerges as the top-ranked bookrunner by total bond issues launched in Spain in 2013. It is also the number 1 ranked bookrunner in government bonds, ranking among the top three in the corporate and financial bond issuer segments.

In the first nine months of the year BBVA was also the top-ranking MLA on syndicated loans and the number 2 ranked bookrunner in this segment.

According to the data compiled by Dealogic, the Spanish bond market increased in size by 38% year-on-year in 9M13, with issuance volumes running at €86 billion between 226 deals, the best performance since 2011. Syndicated loan volumes, meanwhile, took the opposite tack, with issuance levels contracting by 54% to €28.7 billion.

The consultancy's reports also highlight the role played by BBVA's investment banking arm in Mexico, where the Spanish entity was the third most profitable bank in 9M13, having obtained record profit levels.