Garanti still on track for mortgage covered bonds

Garanti Bank is still looking at the possibility of issuing mortgage backed covered bonds, although the market backdrop has soured since it started. The bank’s board has approved issuance of up to €1bn and a recent rise in spreads could help bring in new accounts, an official told EuroWeek Emerging Markets.

  • By Steven Gilmore
  • 08 Jul 2013

“Our mortgage pool has reached a good volume and Turkey’s rating upgrades have helped improve demand,” said a Garanti Bank official. “Market sentiment was very strong at the start of the year and we decided to look more closely at the possibility of mortgage covered bonds.”

Garanti informed the ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.

Bookrunners of Global Covered Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 UniCredit 10,283.03 88 5.94%
2 HSBC 9,924.14 51 5.73%
3 LBBW 8,393.04 48 4.84%
4 Natixis 7,239.94 37 4.18%
5 UBS 7,025.55 38 4.05%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Bank of America Merrill Lynch 56,708.49 244 6.13%
2 JPMorgan 53,085.45 277 5.74%
3 Citi 52,245.64 280 5.65%
4 Morgan Stanley 42,417.02 226 4.58%
5 HSBC 36,410.48 226 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 47,013.23 201 11.74%
2 JPMorgan 42,475.83 212 10.61%
3 Citi 41,045.97 215 10.25%
4 Morgan Stanley 31,926.79 155 7.97%
5 Goldman Sachs 27,946.69 263 6.98%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Natixis 5,939.43 23 6.77%
2 LBBW 5,403.66 21 6.16%
3 UniCredit 5,082.55 24 5.79%
4 HSBC 5,076.13 19 5.78%
5 Credit Agricole CIB 4,965.07 22 5.66%

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 Barclays 6,170.54 15 14.26%
2 UBS 4,233.38 20 9.79%
3 BNP Paribas 3,880.04 17 8.97%
4 Credit Agricole CIB 3,549.81 11 8.21%
5 HSBC 2,321.22 16 5.37%