Australia opens door to covered bonds...

Australia opened the door to covered bonds at the weekend, announcing a series of bank reforms that included a promise to amend a key law restricting the sale of covered bonds. That law enshrined the priority of depositors in a bank default — so the government pre-empted any gripes from depositors by guaranteeing all deposits worth up to A$1m.

  • 13 Dec 2010

Details are still scant, but market participants do not expect a full covered bond law. The government will draft an amendment to the 1959 Banking Act in the first session of parliament in 2011, starting in early February, and will then discuss the amendment with regulators.

“They are ...

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Bookrunners of Global Covered Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 06 Dec 2016
1 UBS 12,062.01 77 5.87%
2 HSBC 11,342.38 64 5.52%
3 BNP Paribas 10,550.01 50 5.14%
4 Credit Agricole CIB 9,998.56 48 4.87%
5 Commerzbank Group 9,685.30 59 4.72%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 05 Dec 2016
1 JPMorgan 92,977.13 409 6.84%
2 Citi 84,983.27 488 6.25%
3 Morgan Stanley 79,079.95 348 5.81%
4 Goldman Sachs 77,314.51 403 5.68%
5 Bank of America Merrill Lynch 74,413.02 367 5.47%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 06 Dec 2016
1 JPMorgan 73,418.06 292 10.66%
2 Citi 69,010.11 380 10.02%
3 Bank of America Merrill Lynch 62,837.42 312 9.12%
4 Wells Fargo Securities 56,482.87 249 8.20%
5 Morgan Stanley 56,285.40 264 8.17%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 06 Dec 2016
1 Credit Agricole CIB 8,361.81 30 8.01%
2 BNP Paribas 7,357.30 28 7.04%
3 UBS 6,976.66 25 6.68%
4 UniCredit 6,176.37 25 5.91%
5 LBBW 5,995.79 23 5.74%

Global FIG Revenue

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 02 May 2016
1 Morgan Stanley 365.83 497 7.62%
2 JPMorgan 332.66 618 6.92%
3 Bank of America Merrill Lynch 299.89 590 6.24%
4 Goldman Sachs 276.71 375 5.76%
5 Citi 264.54 592 5.51%

Bookrunners of European Subordinated FIG

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 06 Dec 2016
1 HSBC 8,089.13 23 10.89%
2 UBS 6,893.97 28 9.28%
3 BNP Paribas 6,822.83 24 9.19%
4 Barclays 5,779.90 18 7.78%
5 Citi 4,814.05 25 6.48%