OCBC just gets over the covered line, SCBC does better

Covered bonds issued by Swedish Covered Bond Corp and Overseas Chinese Banking Corp on Wednesday were thinly oversubscribed though investor preference was clearly slanted towards the most defensive five year Swedish offering.

  • By Bill Thornhill
  • 11 Apr 2018

After mandating ABN Amro, Citi, Credit Suisse, Danske Bank, Goldman Sachs and Natixis on Tuesday, SCBC opened order books for five and 15 year covered bonds on Wednesday. 

Initial guidance was set at 2bp through ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.

Bookrunners of Global Covered Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 10,728.85 61 5.44%
2 UniCredit 9,811.25 71 4.98%
3 LBBW 9,637.48 64 4.89%
4 Natixis 9,284.51 48 4.71%
5 Commerzbank Group 9,151.46 56 4.64%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 71,525.09 300 6.39%
2 Bank of America Merrill Lynch 69,697.40 254 6.22%
3 Citi 68,065.51 332 6.08%
4 Goldman Sachs 63,502.02 516 5.67%
5 HSBC 58,885.74 268 5.26%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 58,641.47 209 10.88%
2 Bank of America Merrill Lynch 58,465.13 211 10.85%
3 Citi 54,463.73 254 10.11%
4 Goldman Sachs 47,604.00 456 8.84%
5 Morgan Stanley 45,516.35 249 8.45%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Natixis 6,934.65 26 7.33%
2 Commerzbank Group 5,481.12 21 5.80%
3 UniCredit 5,302.66 21 5.61%
4 Deutsche Bank 5,233.70 17 5.54%
5 LBBW 5,218.04 22 5.52%

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 HSBC 5,772.23 17 11.05%
2 Barclays 4,243.94 15 8.12%
3 Credit Suisse 4,111.44 13 7.87%
4 UBS 3,802.05 17 7.28%
5 BNP Paribas 3,641.74 15 6.97%