Covered bonds tipped for big year in MTNs as borrowers hope for calm from sovereigns

Financial institutions are likely to look to the covered bond market to roll upcoming government guaranteed maturities in 2011, MTN dealers said this week. However, sovereign risk continues to worry SSA issuers.

  • 17 Dec 2010
"A lot of refinancing is going to be done next year — a lot of the government guaranteed instruments are maturing, and a lot of that paper is held by rates investors," said a dealer. "I hope the gap will be filled by covered bonds. Those issuers without ...

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Bookrunners of Global Covered Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 11,789.48 61 6.04%
2 UniCredit 9,672.56 77 4.95%
3 BNP Paribas 9,051.42 45 4.63%
4 Commerzbank Group 8,371.43 55 4.29%
5 LBBW 8,178.05 50 4.19%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Morgan Stanley 104,751.34 436 6.85%
2 Citi 98,203.64 567 6.42%
3 Goldman Sachs 95,417.51 527 6.24%
4 Bank of America Merrill Lynch 92,584.40 398 6.05%
5 JPMorgan 88,251.80 423 5.77%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 83,832.26 437 10.82%
2 Bank of America Merrill Lynch 74,681.50 339 9.64%
3 Morgan Stanley 73,896.55 323 9.54%
4 JPMorgan 73,639.86 327 9.50%
5 Goldman Sachs 73,540.96 446 9.49%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 5,645.35 19 6.27%
2 Credit Agricole CIB 5,608.30 21 6.23%
3 LBBW 5,605.63 20 6.23%
4 SG Corporate & Investment Banking 5,543.24 22 6.16%
5 Commerzbank Group 4,949.16 20 5.50%

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 9,461.63 27 12.31%
2 HSBC 9,014.48 37 11.73%
3 BNP Paribas 6,278.15 28 8.17%
4 Citi 4,542.03 36 5.91%
5 Credit Suisse 4,325.15 22 5.63%