Fabulous covered bonds deserve to be voted on

Please take a couple of minutes to cast your confidential vote for the last 10 euro covered bond benchmarks, including stellar deals issued most recently by MuenchenerHyp, ABN Amro and DZ Hyp. You don't need to be a GlobalCapital subscriber to vote and see all the related content.

  • By Bill Thornhill
  • 17 Apr 2019
Email a colleague
Request a PDF

The GlobalCapital Covered Bond Marker allows all market participants to vote confidentially on the latest covered bond deals based on three metrics: timing, pricing and distribution. 

The survey only takes a few minutes to complete and is completely confidential. The survey can be found here:

The following deals can be voted on:

Please take a look at GlobalCapital's interactive Covered BondMarker League Table Builder for covered bonds provides an up-to-date ranking of banks that have worked on the highest quality deals and you don't need to be a subscriber to use it. 

Below the league table you can find all recent related covered bond marker stories such as:

Sparebanken 1 the best of the rest

Pfandbrief trio vie to be dog dog in covered bonds,

SG and CM-CIC covered bond win top marks in France, Caffil has scope to improve

The covered bonds priced deals database

Subscribers can check out our deal database here. Remind yourself of the deals we've seen, the spread, the size, the oversubscription ratio, the number of orders, the distribution and the bid levels one week after launch. Each deal in the database has a link to the deal review. 

The database also has a column showing the BondMarker average score.

Half the mark is automated and the other half is based on the survey. 

The half that is automated is calculated based on the following rules: 


Number of Investors

0-20                       0

21-39                     2             

40-59                    4

60-99                    4.5

100+                      5

Deal size

0bn-0.49bn           0

€500m                   3             

€750m                   3.5

€1bn                      4

€1.25bn                4.5

€1.5bn+                5

Oversubscription ratio

<1 0.                      0

1.0-1.09                2

1.1-1.29                3

1.3-1.59                4

1.6-1.99                4.5

2+                           5

Bid one week after launch

Positive Figure   0

0                              1

-1                            3

-2                            4.5

-3                            4.75

-4 or more           5


.



  • By Bill Thornhill
  • 17 Apr 2019

Bookrunners of Global Covered Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 6,931.77 33 6.35%
2 LBBW 6,339.70 36 5.80%
3 UniCredit 6,316.04 54 5.78%
4 Natixis 5,053.55 24 4.63%
5 Barclays 4,895.61 26 4.48%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 35,201.33 164 7.16%
2 Bank of America Merrill Lynch 32,418.51 127 6.59%
3 JPMorgan 31,248.29 145 6.35%
4 Morgan Stanley 22,451.55 125 4.56%
5 Goldman Sachs 19,338.59 182 3.93%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Bank of America Merrill Lynch 28,574.49 103 12.34%
2 Citi 27,077.87 127 11.69%
3 JPMorgan 24,882.45 113 10.74%
4 Morgan Stanley 18,061.83 88 7.80%
5 Goldman Sachs 15,101.12 157 6.52%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 LBBW 4,185.21 16 7.11%
2 Natixis 4,178.19 15 7.09%
3 HSBC 3,974.99 14 6.75%
4 Credit Agricole CIB 3,687.68 15 6.26%
5 Deutsche Bank 3,304.65 12 5.61%

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 3,286.19 8 11.28%
2 Barclays 3,229.69 10 11.08%
3 UBS 3,210.90 11 11.02%
4 BNP Paribas 2,554.19 12 8.76%
5 HSBC 1,754.26 12 6.02%