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Introducing the Covered BondMarker league table builder

Awards
By Bill Thornhill
08 Mar 2019

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.

It can be accessed by going to this web address https://www.globalcapital.com/fig/data/covered-bondmarker-league-table-builder

The Covered BondMarker League Table Builder is interactive and allows readers to select the appropriate timeframe for measurement, as well as the minimum number of deals an arranger has worked on. 

The assessment is based on the average scores of all deals that lead managers have arranged.

Half the score of each deal is based on a survey and the other half is calculated using a range of key metrics — such as the deal’s subscription ratio, its performance, the granularity of the order book, and the transaction’s size. 

Deal scores are published on the Priced Deals Database and there is a link to this on the covered bond channel within the FIG section on www.globalcapital.com.

Among those lead managers that have worked on 10 or more deals so far this year, BNP Paribas is leading the way with an average score of 8.6 for the 12 eligible benchmarks it has arranged.  

The three highest scoring deals that BNP Paribas worked on were Rabobank’s €2bn February 2029, Intesa Sanpaolo’s €1bn March 2024 and SEB’s €1.25bn February 2026, which respectively received marks of 9.6, 9.5 and 9.3 out of 10.

HSBC has worked on 17 deals and has an average score of 7.91, putting it into second place. HSBC also worked on the Rabobank and Intesa deals and was a lead arranger on CM-CIC’s €1bn April 2024, which got a mark of 9.26.

Deutsche Bank is in third place, having worked on 14 deals with an average score of 7.74. It worked on the same top three deals as BNP Paribas.

LBBW and UniCredit have worked on 23 eligible deals which is the highest number of and bank. However, with respective scores of 7.49 and 7.45 these lead managers  are in seventh and eighth position.

Below the league table readers can access all stories related to the covered bond marker.

By Bill Thornhill
08 Mar 2019