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 ...

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Bookrunners of Global Covered Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 10,728.85 61 5.39%
2 UniCredit 9,811.25 71 4.93%
3 LBBW 9,752.95 65 4.90%
4 Natixis 9,399.97 49 4.73%
5 Commerzbank Group 9,151.46 56 4.60%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 73,578.00 306 6.49%
2 Bank of America Merrill Lynch 70,348.05 260 6.21%
3 Citi 68,699.90 339 6.06%
4 Goldman Sachs 64,029.97 519 5.65%
5 HSBC 59,592.84 271 5.26%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 60,288.66 212 11.08%
2 Bank of America Merrill Lynch 58,823.79 215 10.81%
3 Citi 54,782.74 258 10.07%
4 Goldman Sachs 48,014.74 458 8.82%
5 Morgan Stanley 45,602.96 250 8.38%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Natixis 6,934.65 26 7.24%
2 Commerzbank Group 5,481.12 21 5.73%
3 SG Corporate & Investment Banking 5,303.97 23 5.54%
4 UniCredit 5,302.66 21 5.54%
5 Deutsche Bank 5,233.70 17 5.47%

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 HSBC 5,772.23 17 11.05%
2 Barclays 4,243.94 15 8.12%
3 Credit Suisse 4,111.44 13 7.87%
4 UBS 3,802.05 17 7.28%
5 BNP Paribas 3,641.74 15 6.97%