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Belgian covered bond law to set new standards

Prospects for the birth of a Belgian covered bond market have taken a leap forward with the recent formation of a new government after a year and a half of political deadlock. Market participants say that the chance of a covered bond law in the country is finally looking stronger.

  • 03 Feb 2012
And when it does appear, it looks set to do more than merely copy tried and tested regimes. The final draft has all the hallmarks of existing robust continental frameworks, such as the Pfandbrief law, but according to a lawyer involved in the drafting, it goes even further ...

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Bookrunners of Global Covered Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 30 Jun 2015
1 Natixis 7,215.80 41 6.22%
2 RBC Capital Markets 6,452.35 20 5.56%
3 HSBC 6,359.64 32 5.48%
4 UBS 6,040.49 35 5.21%
5 BNP Paribas 5,931.63 25 5.12%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 29 Jun 2015
1 JPMorgan 53,618.81 232 7.24%
2 Citi 50,052.54 251 6.76%
3 Goldman Sachs 46,278.19 195 6.25%
4 Bank of America Merrill Lynch 45,644.75 191 6.17%
5 Morgan Stanley 42,981.75 190 5.81%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 30 Jun 2015
1 Deutsche Bank 14,358.03 48 7.96%
2 UBS 12,880.61 27 7.14%
3 Goldman Sachs 12,391.16 32 6.87%
4 Credit Agricole CIB 9,053.81 24 5.02%
5 BNP Paribas 8,893.47 28 4.93%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 30 Jun 2015
1 Natixis 4,491.06 21 8.32%
2 BNP Paribas 4,381.40 16 8.12%
3 HSBC 3,409.93 15 6.32%
4 Credit Agricole CIB 3,153.33 14 5.84%
5 Commerzbank Group 2,806.43 13 5.20%

Global FIG Revenue

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 29 Jun 2015
1 Goldman Sachs 574.23 518 7.29%
2 JPMorgan 513.94 776 6.53%
3 Citi 463.97 768 5.89%
4 Morgan Stanley 452.23 839 5.74%
5 Bank of America Merrill Lynch 436.45 734 5.54%

Bookrunners of European Subordinated FIG

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 30 Jun 2015
1 Deutsche Bank 5,643.62 17 11.20%
2 UBS 5,331.98 9 10.58%
3 HSBC 5,053.63 10 10.03%
4 Credit Agricole CIB 4,884.74 6 9.70%
5 BNP Paribas 3,486.09 11 6.92%