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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
  • Today
1 BNP Paribas 11,290.05 40 6.90%
2 Natixis 10,937.59 42 6.69%
3 UniCredit 10,926.69 78 6.68%
4 HSBC 8,501.70 39 5.20%
5 Commerzbank Group 8,157.44 37 4.99%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 29 Sep 2014
1 Bank of America Merrill Lynch 83,883.16 293 7.35%
2 JPMorgan 78,140.03 319 6.85%
3 Goldman Sachs 73,299.65 305 6.42%
4 Deutsche Bank 70,049.78 253 6.14%
5 Morgan Stanley 67,629.03 334 5.93%

Bookrunners of Dollar Denominated Covered Bond Above $1bn

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 Citi 1,499.34 5 0.00%
2 RBC Capital Markets 1,206.44 4 0.00%
3 TD Securities Inc 977.84 3 0.00%
4 HSBC 673.33 3 0.00%
4 Bank of America Merrill Lynch 673.33 3 0.00%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Deutsche Bank 29,014.95 77 4.59%
2 Goldman Sachs 20,512.35 61 3.24%
3 BNP Paribas 19,260.40 56 3.05%
4 Bank of America Merrill Lynch 17,618.84 45 2.79%
5 Barclays 17,595.94 67 2.78%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 8,089.51 26 8.92%
2 Natixis 7,165.28 23 7.90%
3 UniCredit 6,347.32 23 7.00%
4 Commerzbank Group 5,530.05 18 6.10%
5 Barclays 4,897.53 15 5.40%

Global FIG Revenue

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 22 Sep 2014
1 JPMorgan 1,015.47 1105 8.40%
2 Bank of America Merrill Lynch 792.11 1022 6.56%
3 Goldman Sachs 786.98 831 6.51%
4 Deutsche Bank 734.85 1038 6.08%
5 Citi 723.95 1033 5.99%

Bookrunners of European Subordinated FIG

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 HSBC 10,296.50 19 12.29%
2 Deutsche Bank 7,195.83 21 8.59%
3 UBS 6,207.03 20 7.41%
4 Bank of America Merrill Lynch 5,371.83 21 6.41%
5 SG Corporate & Investment Banking 4,804.40 16 5.74%