Strasbourg approves the covered bond legislative package

The covered bond industry and the Capital Markets Union (CMU) hit a new milestone on Thursday after the European Parliament’s plenary in Strasbourg adopted the text of the Covered Bond Directive just after midday.

  • By Bill Thornhill
  • 18 Apr 2019

After trilogue negotiations on the proposed Covered Bond Directive, the legislative package was subsequently approved by the Council, or Committee of Permanent Representatives and the European Parliament’s Economic and Monetary Affairs (ECON) before being approved by the European Parliament in Strasbourg at 12:30 on April 18.

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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 6.33%
2 HSBC 7,294.00 37 5.64%
3 LBBW 7,113.47 40 5.50%
4 Natixis 5,933.30 28 4.59%
5 Barclays 5,557.78 30 4.30%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 41,680.75 203 6.73%
2 Bank of America Merrill Lynch 40,562.85 159 6.55%
3 JPMorgan 36,060.66 173 5.83%
4 Morgan Stanley 27,211.37 152 4.40%
5 HSBC 26,976.28 152 4.36%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Bank of America Merrill Lynch 33,706.12 132 12.03%
2 Citi 32,800.44 157 11.71%
3 JPMorgan 29,132.92 134 10.40%
4 Morgan Stanley 19,896.07 106 7.10%
5 Goldman Sachs 17,708.90 174 6.32%

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
  • Today
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 3,549.81 11 11.48%
2 UBS 3,334.58 12 10.78%
3 Barclays 3,229.69 10 10.44%
4 BNP Paribas 2,554.19 12 8.26%
5 HSBC 1,877.94 13 6.07%