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
  • 23 Aug 2016
1 UBS 9,565.55 57 6.00%
2 HSBC 9,210.35 51 5.78%
3 Credit Agricole CIB 8,176.21 37 5.13%
4 Landesbank Baden-Wuerttemberg - LBBW 7,975.45 47 5.00%
5 Commerzbank Group 7,700.72 45 4.83%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 22 Aug 2016
1 JPMorgan 64,381.14 281 6.79%
2 Citi 58,699.72 316 6.19%
3 Goldman Sachs 53,627.92 267 5.66%
4 Morgan Stanley 53,248.59 234 5.62%
5 Bank of America Merrill Lynch 52,912.05 255 5.58%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 23 Aug 2016
1 JPMorgan 51,749.84 204 10.87%
2 Citi 49,176.89 244 10.33%
3 Bank of America Merrill Lynch 43,396.00 216 9.11%
4 Wells Fargo Securities 38,705.31 184 8.13%
5 Morgan Stanley 38,523.94 176 8.09%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 23 Aug 2016
1 Credit Agricole CIB 7,016.13 25 8.37%
2 UBS 5,981.15 20 7.13%
3 BNP Paribas 5,603.49 21 6.68%
4 Landesbank Baden-Wuerttemberg - LBBW 5,306.88 20 6.33%
5 Commerzbank Group 4,873.19 20 5.81%

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
  • 23 Aug 2016
1 BNP Paribas 6,163.54 19 11.44%
2 HSBC 5,625.84 17 10.45%
3 UBS 5,562.70 20 10.33%
4 Barclays 3,189.25 8 5.92%
5 JPMorgan 2,909.54 15 5.40%