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Latest Covered Bonds news

  • NIPs must rise say covered investors

    Covered bond investors believe new issue premiums will probably rise in the near future leading to a repricing of the market. But with buyers anxious to put their glut of cash to work in almost anything, the prospective move is likely to prove moderate.

    • 31 Aug 2016
  • DNB takes size at tight spread to highlight covered bond bid strength

    DNB Boligkreditt issued a larger than average euro benchmark 10 year covered bond on Tuesday at a spread that was arguably flat to its curve illustrating solid demand for non-Eurozone deals that still of a substantial pick-up to core markets.

    • 30 Aug 2016
  • RLB Oberosterreich takes covered bonds on the road

    Raiffeisenlandesbank Oberosterreich has mandated joint leads for its first benchmark euro covered bond.

    • 30 Aug 2016
  • Bank of Queensland to consider covered bonds

    The universe of active covered bond issuers is set to further expand with the Bank of Queensland hiring leads to explore options for a potential covered bond structure.

    • 26 Aug 2016
  • ANZ and Natixis add to covered pipe

    ANZ New Zealand and Natixis Pfandbriefbank have mandated leads to roadshow euro denominated covered bonds.

    • 25 Aug 2016
  • Little rationale for dollar covered as senior so strong

    The outlook for euro-denominated primary covered bond volumes may be revised lower over the course of this year as cheap dollar senior unsecured funding and negative euro yields hinder prospects.

    • 26 Aug 2016
  • Covered issuers seize 'almost free' funding before it disappears

    A surfeit of supply hit the long end of the covered bond curve this week as issuers piled in to take advantage of extraordinarily cheap funding conditions that are unlikely to last long. Bill Thornhill reports.

    • 25 Aug 2016
  • CS seeks consent to change EoD

    Following an internal restructuring, Credit Suisse has asked covered bond holders for their consent to amend the definition of an issuer event of default (EoD).

    • 26 Aug 2016
  • NAB seeks soft bullet consent

    National Australia Bank is seeking the consent of investors to change the terms of four covered bonds denominated in a range of currencies, for which it will pay a fee.

    • 24 Aug 2016
  • Euros eyed in FIG restart

    HSBC and Nordea looked to reopen euro issuance for FIG borrowers this week, as investors showed strong appetite for riskier and higher yielding debt after the summer period.

    • 31 Aug 2016

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Comment

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  • The limits to covered bond spread widening

    With new issue premiums set to rise and spreads prone to soften, the covered bond market could be set for a repeat of last year’s spread widening. But this time supply is more limited, and any move wider won't last.

    • 09 Aug 2016

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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 FIG priced deals database.

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Bookrunners of Global Covered Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 30 Aug 2016
1 UBS 9,677.63 58 5.90%
2 HSBC 9,491.66 52 5.79%
3 Credit Agricole CIB 8,532.32 39 5.21%
4 Landesbank Baden-Wuerttemberg - LBBW 7,975.45 47 4.87%
5 Commerzbank Group 7,969.91 47 4.86%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 29 Aug 2016
1 JPMorgan 65,509.69 286 6.77%
2 Citi 58,842.67 319 6.08%
3 Morgan Stanley 54,842.72 238 5.66%
4 Goldman Sachs 54,581.59 275 5.64%
5 Bank of America Merrill Lynch 53,004.42 257 5.47%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 30 Aug 2016
1 JPMorgan 52,864.22 208 10.85%
2 Citi 49,178.89 247 10.09%
3 Bank of America Merrill Lynch 43,446.64 217 8.91%
4 Morgan Stanley 40,567.00 183 8.32%
5 Wells Fargo Securities 38,742.74 188 7.95%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 30 Aug 2016
1 Credit Agricole CIB 7,372.24 27 8.48%
2 UBS 5,981.15 20 6.88%
3 BNP Paribas 5,884.81 22 6.77%
4 Landesbank Baden-Wuerttemberg - LBBW 5,306.88 20 6.11%
5 Commerzbank Group 5,042.43 21 5.80%

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
  • 30 Aug 2016
1 BNP Paribas 6,163.54 19 11.17%
2 HSBC 5,625.84 17 10.19%
3 UBS 5,562.70 20 10.08%
4 Barclays 4,513.52 9 8.18%
5 JPMorgan 2,909.54 15 5.27%