Chinese banks looking at Lux green covered bonds

Chinese and French banks may take advantage of a new Luxembourg green covered bond law, where the cover assets are linked to renewable energy, according to an official at the Luxembourg Stock Exchange (LuxSE).

  • By Jasper Cox
  • 29 Nov 2018

The law was passed in June and added a new type of covered bond to Luxembourg law. The cover pool for these Lettres de gage would include lending to renewable energy projects, including wind, solar, thermal, geothermal, hydrothermal and marine energy.

In other jurisdictions, green covered bonds have ...

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Bookrunners of Global Covered Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 UniCredit 8,193.67 66 6.37%
2 HSBC 7,294.00 37 5.67%
3 LBBW 6,988.86 39 5.43%
4 Natixis 5,933.30 28 4.61%
5 Barclays 5,557.78 30 4.32%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 41,780.75 203 6.88%
2 Bank of America Merrill Lynch 40,512.92 158 6.67%
3 JPMorgan 36,010.73 172 5.93%
4 Morgan Stanley 26,989.09 150 4.44%
5 HSBC 25,650.79 149 4.22%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Bank of America Merrill Lynch 33,656.19 131 12.14%
2 Citi 32,900.44 157 11.86%
3 JPMorgan 29,082.99 133 10.49%
4 Morgan Stanley 19,896.07 106 7.17%
5 Goldman Sachs 17,708.90 174 6.39%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Natixis 4,918.89 18 7.00%
2 LBBW 4,741.33 18 6.74%
3 Credit Agricole CIB 4,174.25 17 5.94%
4 UniCredit 4,163.16 19 5.92%
5 HSBC 3,974.99 14 5.65%

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 Credit Agricole CIB 3,425.91 10 11.21%
2 UBS 3,334.58 12 10.91%
3 Barclays 3,229.69 10 10.57%
4 BNP Paribas 2,554.19 12 8.36%
5 HSBC 1,877.94 13 6.15%