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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
  • 25 Aug 2015
1 HSBC 9,624.51 46 6.67%
2 Natixis 8,394.32 47 5.81%
3 RBC Capital Markets 7,713.90 25 5.34%
4 UBS 7,707.02 46 5.34%
5 BNP Paribas 6,916.55 29 4.79%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 24 Aug 2015
1 JPMorgan 64,872.50 293 7.19%
2 Citi 60,978.61 309 6.76%
3 Goldman Sachs 55,828.30 245 6.19%
4 Bank of America Merrill Lynch 55,296.16 237 6.13%
5 Morgan Stanley 52,219.10 232 5.79%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 25 Aug 2015
1 Goldman Sachs 15,913.78 39 7.75%
2 Deutsche Bank 15,495.14 58 7.55%
3 UBS 13,015.99 28 6.34%
4 SG Corporate & Investment Banking 11,006.37 32 5.36%
5 Credit Agricole CIB 10,200.23 29 4.97%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 25 Aug 2015
1 Natixis 5,532.17 26 8.10%
2 BNP Paribas 5,093.51 19 7.45%
3 HSBC 4,849.58 20 7.10%
4 Commerzbank Group 3,873.90 18 5.67%
5 Credit Agricole CIB 3,701.66 16 5.42%

Global FIG Revenue

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 24 Aug 2015
1 Goldman Sachs 691.76 664 7.00%
2 JPMorgan 638.31 966 6.46%
3 Citi 604.81 972 6.12%
4 Morgan Stanley 580.19 1060 5.87%
5 Bank of America Merrill Lynch 560.29 963 5.67%

Bookrunners of European Subordinated FIG

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 25 Aug 2015
1 HSBC 6,580.15 14 5.06%
2 Deutsche Bank 5,813.49 20 4.47%
3 UBS 5,536.85 11 4.26%
4 BNP Paribas 5,047.07 14 3.88%
5 Credit Agricole CIB 4,884.74 6 3.75%