Last week's covered bonds can now be voted on

Please take a couple of minutes to cast your confidential vote for some of the most recent euro covered bond benchmarks such as those issued by Santander UK, Sparebank 1 Boligkreditt and Erste Group.

  • By Bill Thornhill
  • 13 May 2019
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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 three highlighted deals have just been added to the survey:

  • Lloyds €1.5bn 0.25% Mar 2024
  • VUB €500m 0.25% Mar 2024
  • Danish Ships Finance €500m 0.25% Mar 2022
  • Credit Agricole SCF €750m 0.625% Mar 2029
  • CFF €1.25bn 0.375% Apr 2027
  • Westpac €1.25bn 0.375% Apr 2026
  • Toronto Dominion €1.75bn 0% Apr 2024
  • DZ Hyp €500m 0.875% Apr 2034
  • MuenchenerHyp €500m 1% Apr 2039
  • ABN Amro €750m 1.125% Apr 2039
  • Credit Agricole €1.25bn 0.875% May 2034
  • Santander €1.5bn 0.875% May 2031
  • Yorkshire Building Society €500m 0.125% May 2024
  • Santander UK €1bn 0.1% May 2024

  • Erste Group €500m 0.875% May 2034

  • Sparebank 1 Boligkreditt €1bn 0.125% May 2026

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. 

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


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  • By Bill Thornhill
  • 13 May 2019

Bookrunners of Global Covered Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 UniCredit 8,193.67 66 6.50%
2 HSBC 7,294.00 37 5.79%
3 LBBW 6,988.86 39 5.55%
4 Natixis 5,749.17 27 4.56%
5 Barclays 5,557.78 30 4.41%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 41,447.11 199 6.91%
2 Bank of America Merrill Lynch 38,563.61 156 6.43%
3 JPMorgan 36,010.73 172 6.00%
4 Morgan Stanley 26,869.51 149 4.48%
5 HSBC 25,475.20 147 4.25%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 32,701.14 156 11.96%
2 Bank of America Merrill Lynch 31,706.88 129 11.60%
3 JPMorgan 29,082.99 133 10.64%
4 Morgan Stanley 19,776.50 105 7.23%
5 Goldman Sachs 16,708.90 173 6.11%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 LBBW 4,741.33 18 6.99%
2 Natixis 4,734.75 17 6.98%
3 Credit Agricole CIB 4,174.25 17 6.16%
4 UniCredit 4,163.16 19 6.14%
5 HSBC 3,974.99 14 5.86%

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 11.23%
2 UBS 3,334.58 12 10.93%
3 Barclays 3,229.69 10 10.59%
4 BNP Paribas 2,554.19 12 8.37%
5 HSBC 1,877.94 13 6.16%