Japan banks lobby politicians to create covered bond law

Japanese bankers are trying to convince politicians in the country to write a covered bond law. If that happens, they hope to launch the first deal before the end of next year. But these will be covered bonds with a difference: loans to public institutions are likely to be much more prevalent than mortgages in the cover pools.

  • 07 Jul 2011

Bankers, lawyers and academics in the country have been discussing the value of covered bonds since February, when the Development Bank of Japan pushed for the creation of a study group.

The state-owned lender is particularly keen on covered bonds, because it does not have the ability to ...

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Bookrunners of Global Covered Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 7,419.40 39 5.74%
2 Natixis 7,203.12 31 5.57%
3 Credit Suisse 7,022.58 35 5.43%
4 LBBW 6,855.59 38 5.30%
5 UniCredit 6,528.35 40 5.05%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Bank of America Merrill Lynch 46,403.23 145 7.06%
2 Citi 42,552.14 204 6.47%
3 JPMorgan 41,920.38 169 6.38%
4 Goldman Sachs 38,906.21 263 5.92%
5 Morgan Stanley 37,252.38 182 5.67%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Bank of America Merrill Lynch 37,630.60 121 11.14%
2 JPMorgan 35,683.51 121 10.56%
3 Citi 34,770.43 159 10.29%
4 Goldman Sachs 31,097.03 230 9.20%
5 Morgan Stanley 30,197.39 146 8.94%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Natixis 6,119.91 22 9.11%
2 LBBW 4,244.39 18 6.32%
3 Deutsche Bank 4,163.44 13 6.20%
4 UniCredit 3,902.49 16 5.81%
5 SG Corporate & Investment Banking 3,848.68 16 5.73%

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 4,538.06 9 13.03%
2 UBS 3,374.07 13 9.69%
3 BNP Paribas 2,596.35 10 7.46%
4 Credit Agricole CIB 2,458.47 6 7.06%
5 SG Corporate & Investment Banking 2,180.25 9 6.26%