Covered industry sides with EC, snubs rapporteur

The European covered bond industry this week rejected most of the recommendations for the covered bond directive made by the European Parliament Committee on Economic and Monetary Affairs’ rapporteur, Bernd Lucke. However, there is agreement on one important point.

  • By Bill Thornhill
  • 06 Sep 2018

The European Mortgage Federation-European Covered Bond Council (EMF-ECBC) report collected feedback from 13 countries representing 92% of the nominal value all outstanding covered bonds and presented feedback classified according to a priority ranking ranging from one to four.  

“Much of what Lucke said was his own view ...

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 12,659.07 70 5.35%
2 UniCredit 12,127.14 83 5.12%
3 LBBW 10,943.55 71 4.62%
4 UBS 10,837.07 59 4.58%
5 Natixis 10,799.35 60 4.56%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 78,545.19 341 6.03%
2 Citi 77,248.51 402 5.93%
3 Bank of America Merrill Lynch 76,833.52 308 5.90%
4 Goldman Sachs 70,739.11 604 5.43%
5 Morgan Stanley 67,369.77 382 5.18%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 64,710.03 242 10.45%
2 Bank of America Merrill Lynch 64,638.73 260 10.44%
3 Citi 60,418.28 303 9.76%
4 Goldman Sachs 54,058.43 539 8.73%
5 Morgan Stanley 52,460.86 299 8.47%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Natixis 7,883.86 30 6.98%
2 LBBW 6,252.10 27 5.53%
3 Deutsche Bank 6,252.08 21 5.53%
4 UniCredit 6,211.91 25 5.50%
5 Credit Agricole CIB 6,198.22 24 5.48%

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 7,584.11 21 12.61%
2 Barclays 4,776.16 18 7.94%
3 BNP Paribas 4,744.51 21 7.89%
4 Credit Suisse 4,518.72 16 7.51%
5 UBS 3,877.49 18 6.45%