Basel III ensures bid for covered bonds

Today’s release of the final version of Basel III has been broadly welcomed by covered bond specialists, who note that there are no major changes compared to the last draft which has always been favourable to covered bonds, which Mauricio Noé, head of covered and senior bond origination at Deutsche bank, said are “the only bank funding instrument in the liquidity buffers.”

  • 16 Dec 2010
“This is a very positive result for the product. It means we can expect a sizeable and sustainable bid from banks going forward, translating to improved liquidity and higher standards which will benefit all holders of the asset class. It also represents a catalyst to true globalisation of ...

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Bookrunners of Global Covered Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 3,662.21 15 7.03%
2 Commerzbank Group 3,389.17 19 6.50%
3 SG Corporate & Investment Banking 3,124.37 12 5.99%
4 LBBW 2,926.97 13 5.62%
5 UniCredit 2,761.78 18 5.30%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 27 Feb 2017
1 Morgan Stanley 23,952.72 55 9.10%
2 Goldman Sachs 21,593.65 74 8.21%
3 Bank of America Merrill Lynch 20,302.83 44 7.72%
4 JPMorgan 15,324.04 56 5.82%
5 Citi 14,173.41 67 5.39%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Morgan Stanley 19,674.67 36 12.60%
2 Goldman Sachs 18,755.13 60 12.02%
3 Bank of America Merrill Lynch 13,433.07 31 8.61%
4 JPMorgan 12,571.42 38 8.05%
5 Citi 12,290.98 48 7.87%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 SG Corporate & Investment Banking 2,991.94 11 10.04%
2 LBBW 2,366.72 8 7.94%
3 Commerzbank Group 2,317.41 8 7.78%
4 Credit Agricole CIB 1,987.58 8 6.67%
5 HSBC 1,941.46 7 6.52%

Global FIG Revenue

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 02 May 2016
1 Morgan Stanley 365.83 497 7.62%
2 JPMorgan 332.66 618 6.92%
3 Bank of America Merrill Lynch 299.89 590 6.24%
4 Goldman Sachs 276.71 375 5.76%
5 Citi 264.54 592 5.51%

Bookrunners of European Subordinated FIG

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 Credit Suisse 2,309.08 6 14.02%
2 Bank of America Merrill Lynch 1,499.19 8 9.10%
3 JPMorgan 1,236.52 7 7.51%
4 HSBC 1,216.99 8 7.39%
5 Credit Agricole CIB 1,034.32 6 6.28%