Credem hits covered bond road after long gap

Credito Emiliano (Credem) is planning a series of fixed-income investor meetings from October 1 to reintroduce its soft bullet covered bond programme.

  • By Bill Thornhill
  • 20 Sep 2018

The borrower has appointed Barclays for the marketing campaign, which is being called a non-deal roadshow. 

However, it is likely that at some point the issuer will consider returning to the market after the long absence that followed its last deal, issued in November 2014.

Italian banks must repay €250bn ...

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Bookrunners of Global Covered Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 UniCredit 9,230.96 80 5.91%
2 HSBC 8,592.02 43 5.50%
3 LBBW 8,280.86 47 5.30%
4 Natixis 6,643.65 32 4.25%
5 Barclays 6,490.00 33 4.15%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Bank of America Merrill Lynch 49,562.30 215 6.28%
2 Citi 46,993.54 251 5.96%
3 JPMorgan 44,208.42 233 5.61%
4 Morgan Stanley 32,599.82 190 4.13%
5 HSBC 32,227.16 198 4.09%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Bank of America Merrill Lynch 40,819.48 178 11.88%
2 Citi 36,691.94 193 10.68%
3 JPMorgan 34,866.96 176 10.15%
4 Morgan Stanley 24,012.78 135 6.99%
5 Wells Fargo Securities 22,722.23 100 6.61%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Natixis 5,516.84 21 6.91%
2 LBBW 5,291.48 20 6.62%
3 Credit Agricole CIB 4,664.16 20 5.84%
4 HSBC 4,549.39 16 5.69%
5 Deutsche Bank 4,534.04 16 5.68%

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 Barclays 5,933.32 13 15.57%
2 UBS 3,859.50 17 10.13%
3 BNP Paribas 3,553.97 13 9.32%
4 Credit Agricole CIB 3,549.81 11 9.31%
5 HSBC 1,977.94 14 5.19%