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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
  • 14 Apr 2015
1 Natixis 4,610.22 27 6.03%
2 HSBC 4,400.33 20 5.76%
3 RBC Capital Markets 4,234.43 11 5.54%
4 Barclays 4,137.75 20 5.42%
5 BNP Paribas 3,764.36 16 4.93%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 13 Apr 2015
1 JPMorgan 29,955.16 125 7.22%
2 Citi 27,804.30 135 6.70%
3 Morgan Stanley 25,142.28 95 6.06%
4 Deutsche Bank 24,467.71 103 5.89%
5 Goldman Sachs 23,686.75 110 5.71%

Bookrunners of Dollar Denominated Covered Bond Above $1bn

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 14 Apr 2015
1 RBC Capital Markets 920.18 2 22.49%
2 UBS 790.63 2 19.32%
3 Goldman Sachs 590.25 1 14.42%
4 Citi 530.31 2 12.96%
4 Barclays 530.31 2 12.96%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 14 Apr 2015
1 Deutsche Bank 12,714.95 38 5.25%
2 Goldman Sachs 9,242.39 23 3.82%
3 Credit Agricole CIB 8,032.50 14 3.32%
4 SG Corporate & Investment Banking 6,880.09 17 2.84%
5 BNP Paribas 6,577.01 19 2.72%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 14 Apr 2015
1 Natixis 3,450.53 17 9.22%
2 BNP Paribas 3,068.59 11 8.20%
3 HSBC 2,958.98 12 7.91%
4 Credit Agricole CIB 2,443.07 11 6.53%
5 Commerzbank Group 2,092.48 9 5.59%

Global FIG Revenue

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 13 Apr 2015
1 Goldman Sachs 304.85 301 7.35%
2 JPMorgan 279.18 373 6.73%
3 Morgan Stanley 278.04 446 6.70%
4 Citi 253.32 423 6.10%
5 Bank of America Merrill Lynch 216.58 389 5.22%

Bookrunners of European Subordinated FIG

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 14 Apr 2015
1 Deutsche Bank 4,708.27 11 12.69%
2 Credit Agricole CIB 4,674.91 3 12.60%
3 UBS 4,406.20 4 11.87%
4 HSBC 2,970.48 6 8.00%
5 JPMorgan 2,730.43 13 7.36%