Superb covered bond deserves your vote

Banco BPI, Crédit Agricole Italia, Nordea, BPER Banca and Stadshypotek have all issued exceptionally well received covered bonds lately. Please take a couple of minutes to cast your confidential vote for these, and a number of other recently launched deals. You don't need to be a GlobalCapital subscriber to vote and all the related content is free.

  • By Bill Thornhill
  • 19 Mar 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 following deals can be voted on:

OP Mortgage Bank €1.25bn 0.625% Feb 2029

Jyske Realkredit €500m 0.375% Apr 2015

Stadshypotek €1.25bn 0.375% Mar 2026

Nordea €1.5bn 0.25% Mar 2026

BPER Banca €600m 1.125% Mar 2026

Credit Agricole Italia €750m 1% Mar 2027

Banco BPI €500m 0.25% Mar 2024

UniCredit Bank Austria €500m 0.625% Mar 2029

NIBC €500m 0.5% Mar 2027

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


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  • By Bill Thornhill
  • 19 Mar 2019

Bookrunners of Global Covered Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 6,314.80 30 6.53%
2 UniCredit 5,757.33 48 5.95%
3 LBBW 5,650.96 32 5.84%
4 Natixis 4,708.38 22 4.87%
5 Credit Agricole CIB 4,632.01 23 4.79%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 25,305.84 121 7.02%
2 JPMorgan 24,280.35 106 6.73%
3 Bank of America Merrill Lynch 21,984.95 88 6.10%
4 Morgan Stanley 19,748.28 103 5.48%
5 Goldman Sachs 18,121.76 154 5.03%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Bank of America Merrill Lynch 20,187.92 74 10.92%
2 Citi 20,047.19 95 10.84%
3 JPMorgan 19,459.84 84 10.52%
4 Morgan Stanley 16,529.18 77 8.94%
5 Goldman Sachs 15,636.39 136 8.46%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Natixis 3,944.55 14 7.40%
2 HSBC 3,694.64 13 6.93%
3 LBBW 3,692.39 14 6.93%
4 Credit Agricole CIB 3,687.68 15 6.92%
5 Deutsche Bank 3,304.65 12 6.20%

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 13.95%
2 UBS 3,110.84 10 13.21%
3 Barclays 2,579.55 5 10.95%
4 BNP Paribas 2,246.30 9 9.54%
5 HSBC 1,533.23 10 6.51%