Green covered bonds can fill CBPP3’s void

DNB Boligkreditt showed this week that borrowers have a very good incentive to consider issuing green covered bonds, especially now that the European Central Bank has signalled its intention to reduce net buying of assets under the Covered Bond Purchase Programme (CBPP3) to zero by December.

  • By Bill Thornhill
  • 14 Jun 2018

About half of the 100 investors that bought DNB Boligkreditt’s seven year inaugural green covered bond on Tuesday had green investment mandates. 

This extra dimension of demand boosted the order book to €2bn, allowing DNB to print a ...

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Bookrunners of Global Covered Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 10,838.70 62 5.34%
2 LBBW 10,110.44 66 4.98%
3 UniCredit 10,041.71 74 4.95%
4 Natixis 9,776.52 51 4.82%
5 Commerzbank Group 9,317.67 57 4.59%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 74,275.20 309 6.41%
2 Bank of America Merrill Lynch 71,790.46 266 6.20%
3 Citi 70,388.25 351 6.08%
4 Goldman Sachs 66,011.45 527 5.70%
5 HSBC 61,730.67 280 5.33%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 60,985.86 215 10.98%
2 Bank of America Merrill Lynch 59,969.47 219 10.80%
3 Citi 55,716.51 263 10.03%
4 Goldman Sachs 49,875.99 465 8.98%
5 Morgan Stanley 46,382.96 258 8.35%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Natixis 7,282.04 27 7.38%
2 Commerzbank Group 5,647.34 22 5.73%
3 LBBW 5,565.43 23 5.64%
4 SG Corporate & Investment Banking 5,470.19 24 5.55%
5 UniCredit 5,468.87 22 5.55%

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 7,022.22 19 12.72%
2 Barclays 4,410.61 16 7.99%
3 Credit Suisse 4,278.10 14 7.75%
4 BNP Paribas 3,808.41 16 6.90%
5 UBS 3,802.05 17 6.89%