Covered Bonds Help Depress Unsecured Debt

Covered bonds, market repurchase agreements and other forms of secured funding used by banks are depressing issuance of senior unsecured debt, according to Fitch Ratings.

  • 17 Jun 2011
Covered bonds, market repurchase agreements and other forms of secured funding used by banks are depressing issuance of senior unsecured debt, according to Fitch Ratings. Fitch noted that investor risk aversion, particularly to unsecured bank debt, has increased because of poor economic conditions and that has resulted in ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 7,026 25 11.95
2 Citi 6,449 21 10.96
3 BNP Paribas 5,093 18 8.66
4 Barclays 4,040 11 6.87
5 Lloyds Bank 3,615 14 6.15

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1 Citi 1,505.59 4 13.16%
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