ECB struggles to sell new buying programme

Covered bond bankers disagree over the likely impact of the €40bn buying programme that the ECB begins next month. Only two-thirds the size of the institution’s 2009 purchases, the one year programme’s distribution by jurisdiction is still unclear — as is its capacity to persuade other buyers into peripheral paper.

  • 07 Oct 2011

Even so, market participants reported an immediate tightening of secondary spreads. "It will add to positive sentiment in the market and should provide for better windows going forward," said one syndicate official.

New issues are likely as soon as next week, they added. As with the first round ...

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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%