Covered Bonds Help Depress Unsecured Debt

Covered bonds, market repurchase agreements and other forms of secured funding used by banks are depressing issuance of senior unsecured debt, according to Fitch Ratings.

  • 17 Jun 2011
Covered bonds, market repurchase agreements and other forms of secured funding used by banks are depressing issuance of senior unsecured debt, according to Fitch Ratings. Fitch noted that investor risk aversion, particularly to unsecured bank debt, has increased because of poor economic conditions and that has resulted in ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 3,319 10 12.84
2 Citi 2,562 6 9.92
3 Goldman Sachs 2,150 3 8.32
4 Credit Suisse 1,822 6 7.05
5 Societe Generale 1,814 4 7.02

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 22 May 2017
1 Citi 41,255.30 117 12.99%
2 Bank of America Merrill Lynch 37,631.92 109 11.85%
3 Wells Fargo Securities 32,082.26 89 10.11%
4 JPMorgan 20,969.41 64 6.60%
5 Credit Suisse 16,754.47 44 5.28%