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 Share % by Volume
1 Societe Generale 15.35
2 Rabobank 14.41
3 Morgan Stanley 11.73
4 Barclays 8.99
5 Credit Agricole 7.57

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 27 Feb 2017
1 Wells Fargo Securities 11,897.40 33 11.83%
2 Bank of America Merrill Lynch 9,837.56 29 9.78%
3 Citi 9,714.54 32 9.66%
4 JPMorgan 7,997.38 24 7.95%
5 Credit Suisse 6,335.67 14 6.30%