Cafill, Erste and UOB mandate leads for covered bonds

The pace of covered bond supply is expected to remain fast on Tuesday, with as many as three issuers mandating lead managers for benchmark deals.

  • By Bill Thornhill
  • 08 Jan 2018

Caisse Française de Financement Local (Cafill) has mandated Barclays, Natixis, Société Générale and UniCredit for a dual tranche eight and 15 year offering. 

The issuer typically prices with a 3bp pick up to Crédit Agricole, suggesting fair value for the eight year would be about 7bp ...

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Bookrunners of Global Covered Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 9,646.84 53 5.49%
2 UniCredit 9,161.39 60 5.21%
3 LBBW 8,568.90 53 4.88%
4 Natixis 8,477.22 42 4.82%
5 Credit Suisse 7,862.88 42 4.47%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Bank of America Merrill Lynch 61,562.95 204 6.83%
2 JPMorgan 59,915.32 224 6.65%
3 Citi 57,703.06 264 6.40%
4 Goldman Sachs 50,576.11 408 5.61%
5 Morgan Stanley 47,552.83 249 5.28%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Bank of America Merrill Lynch 51,483.28 169 11.71%
2 JPMorgan 50,463.92 159 11.47%
3 Citi 46,416.84 207 10.55%
4 Goldman Sachs 39,496.10 363 8.98%
5 Morgan Stanley 36,328.64 191 8.26%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Natixis 6,511.67 24 7.33%
2 UniCredit 5,302.66 21 5.97%
3 Deutsche Bank 5,002.94 16 5.64%
4 LBBW 4,811.97 20 5.42%
5 Commerzbank Group 4,809.31 18 5.42%

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 HSBC 4,729.28 11 11.90%
2 UBS 3,374.07 13 8.49%
3 BNP Paribas 2,704.23 11 6.80%
4 Credit Agricole CIB 2,490.29 7 6.27%
5 Credit Suisse 2,352.50 10 5.92%