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Spanish banks given €50bn real estate provisioning plan

Spain’s new economy minister has set out a €50bn real estate provisioning plan that banks must execute by the end of the year. Luis de Guindos, Spain’s minister for the economy, on Thursday night outlined the plan, which will give banks until the end of the year to increase their provisioning substantially.

  • 03 Feb 2012
For problematic loans on undeveloped sites, they will have to increase their provisions to 60%, up from the current average of 31%, and they will have to hold a further 20% in capital against these loans. For properties under development, provisions will have to rise to 50%, from ...

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Bookrunners of Global Covered Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 21 Oct 2014
1 Natixis 12,005.07 45 0.00%
2 BNP Paribas 11,290.05 40 0.00%
3 UniCredit 11,064.68 80 0.00%
4 HSBC 8,878.71 41 0.00%
5 Commerzbank Group 8,849.25 40 0.00%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 20 Oct 2014
1 Bank of America Merrill Lynch 86,857.61 303 7.25%
2 JPMorgan 83,493.98 333 6.97%
3 Goldman Sachs 73,212.50 313 6.11%
4 Deutsche Bank 72,062.68 269 6.01%
5 Morgan Stanley 70,641.32 347 5.89%

Bookrunners of Dollar Denominated Covered Bond Above $1bn

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 21 Oct 2014
1 Citi 1,499.34 5 21.48%
2 RBC Capital Markets 1,206.44 4 17.28%
3 TD Securities Inc 977.84 3 14.01%
4 HSBC 673.33 3 9.65%
4 Bank of America Merrill Lynch 673.33 3 9.65%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 21 Oct 2014
1 Deutsche Bank 29,444.29 79 8.92%
2 BNP Paribas 20,500.26 60 6.21%
3 Goldman Sachs 20,145.91 66 6.10%
4 Barclays 19,217.29 71 5.82%
5 Citi 17,872.54 68 5.41%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 21 Oct 2014
1 BNP Paribas 8,089.51 26 8.42%
2 Natixis 7,730.73 25 8.05%
3 UniCredit 6,347.32 23 6.61%
4 Commerzbank Group 6,095.49 20 6.35%
5 Barclays 5,884.94 18 6.13%

Global FIG Revenue

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 20 Oct 2014
1 JPMorgan 1,130.25 1230 8.39%
2 Bank of America Merrill Lynch 890.02 1124 6.61%
3 Goldman Sachs 885.33 901 6.57%
4 Deutsche Bank 840.68 1141 6.24%
5 Citi 789.50 1139 5.86%

Bookrunners of European Subordinated FIG

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 21 Oct 2014
1 HSBC 10,466.40 20 12.00%
2 Deutsche Bank 7,370.24 22 8.45%
3 UBS 6,381.44 21 7.31%
4 BNP Paribas 5,705.15 19 6.54%
5 Bank of America Merrill Lynch 5,371.83 21 6.16%