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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
  • 18 Nov 2014
1 Natixis 14,329.20 52 7.20%
2 BNP Paribas 13,347.69 48 6.71%
3 Barclays 12,136.98 43 6.10%
4 UniCredit 11,732.28 89 5.90%
5 HSBC 10,461.35 48 5.26%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 Nov 2014
1 Bank of America Merrill Lynch 92,587.18 330 7.00%
2 JPMorgan 91,078.71 362 6.88%
3 Citi 82,412.05 369 6.23%
4 Goldman Sachs 81,868.27 337 6.19%
5 Morgan Stanley 78,513.09 375 5.93%

Bookrunners of Dollar Denominated Covered Bond Above $1bn

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 18 Nov 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
  • 18 Nov 2014
1 Deutsche Bank 30,832.80 86 4.26%
2 Goldman Sachs 22,920.95 71 3.17%
3 BNP Paribas 22,778.59 71 3.15%
4 SG Corporate & Investment Banking 20,712.34 75 2.86%
5 JPMorgan 20,476.22 67 2.83%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 Nov 2014
1 Natixis 9,897.51 31 0.00%
2 BNP Paribas 9,536.03 31 0.00%
3 Barclays 9,388.49 28 0.00%
4 UniCredit 6,722.56 24 0.00%
5 Commerzbank Group 6,672.79 22 0.00%

Global FIG Revenue

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 Nov 2014
1 JPMorgan 1,191.44 1267 8.15%
2 Bank of America Merrill Lynch 966.73 1238 6.61%
3 Goldman Sachs 940.98 963 6.44%
4 Deutsche Bank 881.77 1229 6.03%
5 Citi 862.42 1231 5.90%

Bookrunners of European Subordinated FIG

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 18 Nov 2014
1 HSBC 10,917.41 23 5.77%
2 Deutsche Bank 8,125.37 26 4.30%
3 UBS 6,635.70 23 3.51%
4 BNP Paribas 6,477.12 23 3.42%
5 Bank of America Merrill Lynch 5,647.03 23 2.99%