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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
  • 09 Sep 2014
1 Natixis 9,967.15 38 7.12%
2 BNP Paribas 9,713.79 36 6.94%
3 UniCredit 9,361.97 70 6.69%
4 UBS 7,801.13 44 5.57%
5 Barclays 7,202.57 26 5.15%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Bank of America Merrill Lynch 79,385.83 274 0.00%
2 JPMorgan 72,351.89 280 0.00%
3 Goldman Sachs 69,768.06 293 0.00%
4 Deutsche Bank 67,108.95 234 0.00%
5 Morgan Stanley 64,340.47 319 0.00%

Bookrunners of Dollar Denominated Covered Bond Above $1bn

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 09 Sep 2014
1 Citi 711.71 3 16.62%
2 HSBC 673.33 3 15.73%
2 Bank of America Merrill Lynch 673.33 3 15.73%
4 Barclays 456.91 2 10.67%
5 RBC Capital Markets 418.81 2 9.78%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 09 Sep 2014
1 Deutsche Bank 27,871.01 70 9.58%
2 BNP Paribas 19,017.44 52 6.54%
3 Goldman Sachs 18,802.72 57 6.46%
4 Barclays 17,112.95 63 5.88%
5 Bank of America Merrill Lynch 15,366.16 42 5.28%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 09 Sep 2014
1 BNP Paribas 7,436.38 24 9.34%
2 Natixis 6,420.33 21 8.06%
3 UniCredit 5,079.28 19 6.38%
4 Barclays 4,897.53 15 6.15%
5 SG Corporate & Investment Banking 4,493.14 17 5.64%

Global FIG Revenue

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 01 Sep 2014
1 JPMorgan 1,868.78 1008 0.00%
2 Goldman Sachs 1,472.57 761 0.00%
3 Bank of America Merrill Lynch 1,425.33 934 0.00%
4 Deutsche Bank 1,339.61 929 0.00%
5 Citi 1,303.04 928 0.00%

Bookrunners of European Subordinated FIG

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 09 Sep 2014
1 Deutsche Bank 6,945.83 20 0.00%
2 UBS 5,667.34 18 0.00%
3 HSBC 5,514.71 16 0.00%
4 Bank of America Merrill Lynch 4,985.45 19 0.00%
5 BNP Paribas 3,945.87 14 0.00%