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  • DBS sets out vision for development of Singapore covered bonds

    Yeoh Hong Nam, head of wholesale funding and corporate treasury at DBS Bank, talks to GlobalCapital about his bank’s first euro covered bond benchmark. The choice of tenor and pricing worked well for DBS, which values the European investor base, and may return later this year.

    • 01:45 PM
  • Bank of Cyprus eyes greater market access with London listing

    Bank of Cyprus listed its shares on the London Stock Exchange on Thursday, in the latest of a series of moves aimed at increasing the bank’s access to the financial markets.

    • 01:00 PM
  • Groupama tops up capital with two-for-one exchange

    Groupama exchanged a legacy tier one and a legacy tier two instrument for a new bullet tier two on Tuesday, as the French insurer looked to optimise its capital structure under Solvency II.

    • 18 Jan 2017
  • Sparebank and Aareal covereds find favour in fives

    Sparebank 1 Boligkreditt and Aareal Bank issued well oversubscribed covered bonds on Wednesday, paying virtually no new issue concession. Both banks took advantage of enduring demand for five year tenors, while for Aareal the issue was cheaper than the European Central Bank’s term liquidity.

    • 18 Jan 2017
  • FIG issuers look to break new ground in quieter week for primary

    FIG primary market activity slowed ahead of reporting season this week, though Phoenix Group Holdings printed the first ever tier three bond in sterling and BPCE was preparing to open the Samurai market for senior non-preferred.

    • 18 Jan 2017
  • DVB sails into senior before FIG market closes

    Transport finance specialist DVB Bank profited from strong primary market dynamics by adding a second German senior benchmark to the list of trades printed this week, as syndicate bankers advised taking advantage of market conditions before earnings season begins in earnest.

    • 17 Jan 2017
  • Investors see ‘great opportunity’ in PGH tier three

    UK insurer Phoenix Group Holdings tightened pricing by nearly 40bp on Monday for the first ever Solvency II compliant tier three bond in sterling, as investors appeared keen to take on more bonds in the rarely used format.

    • 17 Jan 2017
  • BPCE to give Japan first taste of Samurai senior non-preferred

    BPCE was looking to launch the first ever non-preferred senior bond in the Samurai market this week, as European banks aim to broaden the range of debt securities they offer to yen investors.

    • 16 Jan 2017
  • Morgan Stanley earnings jump on strong trading results

    Morgan Stanley reported a jump in profits and revenue in the fourth quarter of 2016, as activities in the bank’s trading group propelled it to a strong finish to the year.

    • 17 Jan 2017
  • DB finds strong demand for first German senior in new TLAC era

    Deutsche Bank attracted a healthy €3.25bn order book on Monday for the first German senior trade under a revised German Banking Act, as fears began to rise about the potential terms of the UK’s exit from the European Union.

    • 16 Jan 2017
Capital markets data from GlobalCapital


Go to GlobalCapital's FIG data pages for the most up to date information on the global financial institution bond markets. Find our FIG bond comments, FIG league tables by Dealogic and our priced deals database.

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The GlobalCapital View logo   Comment

  • High fives for covered bonds

    After a glut of long-dated covered bonds in 2016, investors are scrambling to bring the duration of their portfolio down again, and that means five year covered bonds are likely to remain a firm favourite. More issuers should turn down the ECB's TLTRO, and try covered bonds instead.

    • 17 Jan 2017

more comment

FIG Priced Deals Database

IssuerMaturitySize
Société Générale12-Jan-22650
Société Générale12-Jan-27600
BBVA17-Jan-221000
Banque Fédérative du Crédit Mutuel (BFCM)13-Jan-221250
Allianz06-Jul-471000


Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 16 Jan 2017
1 Citi 8,638.50 15 11.13%
2 Barclays 7,212.69 10 9.29%
3 Goldman Sachs 6,158.31 19 7.93%
4 Credit Suisse 5,544.13 9 7.14%
5 Credit Agricole CIB 4,837.98 10 6.23%

Bookrunners of Global Covered Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 17 Jan 2017
1 HSBC 2,397.96 9 4.23%
2 SG Corporate & Investment Banking 2,188.22 8 3.86%
3 LBBW 1,773.99 6 3.13%
4 UBS 1,773.35 6 3.13%
5 BNP Paribas 1,771.98 5 3.12%

Bookrunners of Global Covered Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 17 Jan 2017
1 HSBC 2,397.96 9 4.23%
2 SG Corporate & Investment Banking 2,188.22 8 3.86%
3 LBBW 1,773.99 6 3.13%
4 UBS 1,773.35 6 3.13%
5 BNP Paribas 1,771.98 5 3.12%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 16 Jan 2017
1 Citi 8,638.50 15 11.13%
2 Barclays 7,212.69 10 9.29%
3 Goldman Sachs 6,158.31 19 7.93%
4 Credit Suisse 5,544.13 9 7.14%
5 Credit Agricole CIB 4,837.98 10 6.23%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 10 Jan 2017
1 Citi 7,161.15 5 19.51%
2 Barclays 5,414.82 3 14.75%
3 Credit Suisse 4,540.95 3 12.37%
4 Goldman Sachs 2,308.61 5 6.29%
5 Credit Agricole CIB 2,294.43 1 6.25%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 17 Jan 2017
1 SG Corporate & Investment Banking 2,188.22 8 11.15%
2 LBBW 1,773.99 6 9.04%
3 BNP Paribas 1,422.29 4 7.25%
4 HSBC 1,372.05 4 6.99%
5 UBS 1,350.40 4 6.88%

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
  • 17 Jan 2017
1 Bank of America Merrill Lynch 811.76 5 11.41%
2 Citi 712.63 4 10.01%
3 BNP Paribas 602.64 3 8.47%
4 Credit Agricole CIB 546.86 3 7.68%
5 JPMorgan 436.73 3 6.14%