• Three at risk at Rabobank

    Three bankers' jobs are understood to be at risk at Rabobank in London, including one experienced loans banker.

    • 18 Dec 2017
  • EC signals interest in lowering capital charges on green loans

    European Commission vice president, Valdis Dombrovskis, has signalled that capital charges on green mortgages and auto loans could be lowered, a move that would boost the investment appeal of green covered bonds and ABS deals secured on such collateral.

    • 12 Dec 2017
  • Dutch government gets ball rolling on SNP

    Dutch lawmakers have started working on legislation that will eventually allow the country’s banks to start issuing non-preferred senior bonds for the minimum requirement for own funds and eligible liabilities (MREL).

    • 06 Dec 2017
  • Senior Rabobank treasury banker to retire

    The former head of treasury at Rabobank London is set to retire at the end of the year.

    • 20 Oct 2017
  • Corporate and bank green bonds: focus on issuers grows

    Corporate and bank issuers are taking up the SRI bond gauntlet, providing the market with the kind of names that have long been the goal of its biggest cheerleaders.

    • 29 Sep 2017
  • Waking up to reality: the race to put numbers on climate risk

    Sustainability is a term used liberally and vaguely in the financial world. But it has a precise meaning: living so that we do not make it harder for future generations to live. That principle is violated by today’s economy, including its financial markets. But little by little, the heart of markets — the decisions investors make — is facing up to what it has long repressed. Jon Hay reports.

    • 29 Sep 2017
  • GlobalCapital Covered Bond Awards 2017: the winners

    The Cover and GlobalCapital held the annual Covered Bond Awards Dinner on Thursday night at Casa Llotja de Mar in Barcelona, celebrating the best performers in the market.

    • 15 Sep 2017
  • Shorting Australia and securitization for MDBs: ideas from Sustainable Capital Markets Forum

    Two hundred delegates gathered in Amsterdam on Tuesday September 5 for Euromoney Conferences’ fifth Sustainable and Responsible Capital Markets Forum. For the second time, it was organised jointly with GlobalCapital.

    • 11 Sep 2017
  • Rabo’s Baars doesn’t rule out 2017 covered bond return

    Rabobank’s global head of long term funding, Sjaak-Jan Baars speaks to GlobalCapital about the benefits of covered bond funding, the bank’s expected frequency in the market, the outlook for spreads and prospects for green bonds.

    • 20 Aug 2017
  • Banks draw up plans for new forms of stress capital

    Over the past five years, banks, regulators and creditors have come to agree on the characteristics of a set of debt capital instruments that, at least in theory, work well for all of them. But recently investment bankers have started to wonder whether or not different structures could do more for the industry. Bank capital could well be on the cusp of yet another shake-up, writes Tyler Davies.

    • 17 Aug 2017
  • Rabobank gives investors a chance to grab rare Dutch senior

    Rabobank set a tight final spread on an ordinary senior unsecured bond on Thursday, having given investors a rare opportunity to buy five year paper out of the Netherlands.

    • 29 Jun 2017
  • Rabo smashes price record with debut covered bond

    Investors flocked to Rabobank’s first covered bond on Monday even though it was was priced tighter than any other non-German deal by a considerable margin.

    • 25 May 2017
  • FIG closes out busy May with a flurry

    Public holidays will cut short the issuance window at the end of May, but banks have enjoyed a busy month and a flurry of deals have arrived in the market this week.

    • 24 May 2017
  • Rabo reels in covered investors

    The robust demand that Rabobank reeled in for its two part debut covered bond issued on Monday provided the basis for an aggressive spread tightening, especially in the longer-dated tranche.

    • 22 May 2017
  • Banks take a breather as volatility sets into secondaries

    Financial institutions took a step back from the primary market on Thursday, as a resurgence in US political risk helped stunt an impressive rally and push credit spreads wider.

    • 18 May 2017
  • Covered activity likely to remain brisk

    The primary covered bond market is expected to be active next week with four or five deals potenitially surfacing, in addition to the five being actively marketed. But non-eurozone bonds are being better offered, and the global interest rate outlook is becoming less accommodative.

    • 12 May 2017
  • Rabobank and BOQ prep for covered debuts, BCP returns

    Rabobank plans to roadshow its debut covered bond next week, while Banco Comercial Portugues will begin marketing a deal after an eight year absence. And after publishing an offering circular this week, Bank Queensland (BOQ) is expected to announce its first deal soon.

    • 11 May 2017
  • Rabobank set to market debut covered bonds

    Rabobank has mandated leads to take its debut covered bond on the road. Covered bonds will improve Rabobank’s net interest margin and help diversify its investor base, the bank’s global head of long term funding, Sjaak-Jan Baars, told GlobalCapital.

    • 11 May 2017
  • Rabobank USD500m 4% Apr 29 tier two

    • 30 Mar 2017
  • Capital rush as banks pile into monster Thursday after TLTRO

    The pressure is off FIG issuers to refinance old funding deals in 2017, after an unexpectedly heavy take-up in the fourth and final round of the European Central Bank’s targeted longer-term refinancing operations (TLTRO II). The focus has instead shifted to regulatory debt, and that’s all about picking the right spots and issuing strategically. Tyler Davies reports.

    • 30 Mar 2017
  • FIG issuers enjoy strong pricing leverage in T2 frenzy

    Rabobank, Bankinter, Jyske Bank and Helvetia all tightened pricing by at least 20bp for new tier two bonds, having decided Thursday offered the best window to market deals to investors.

    • 30 Mar 2017
  • Moved to tiers: Spanish banks could reopen red hot AT1

    A number of financial institutions have distanced themselves from the primary market for additional tier one (AT1) bonds this week, but there is no doubting that the asset class has been on fire in 2017. It is only a matter of time before supply restarts, and Spanish banks will be first in line, writes Tyler Davies.

    • 16 Feb 2017
  • Rabo reveals approach to covered bonds

    Rabobank said on Thursday that its new covered bond programme would be launched in soft bullet format. The bank also plans to shrink its balance sheet with further portfolio sales and securitizations.

    • 16 Feb 2017
  • Van Lanschot mandates for first CPT of the year

    The Dutch covered bond issuer, Van Lanschot Bankiers has mandated leads for the first 10 year covered bond in nearly a month and the first Dutch conditional pass through (CPT) since May 2016. The deal emerges following a Fitch survey suggesting investors would like to see price differentiation between soft bullet and CPT maturities.

    • 07 Feb 2017
  • Obvion hits post-crisis tight in Dutch RMBS

    Obvion priced its €2bn Storm 2017-1 RMBS at a record low spread for for five year Dutch RMBS paper since the financial crisis, and the lender has said it will continue to look to build on its range of RMBS transactions.

    • 16 Jan 2017
  • Obvion kicks off Storm RMBS programme for 2017

    Obvion, the most active issuer in the Dutch RMBS market last year, will kick off the market in 2017 with a new prime transaction from its Storm shelf.

    • 09 Jan 2017
  • US opens doors to $17bn TLAC bonanza

    European financials have found every reason to get into the dollar market early in 2017, leading to a fireworks display of total loss-absorbing capacity (TLAC) senior deals this week. Though market conditions could not have been better to receive the banks, many will have wanted to squirrel away quantities of funding and capital for what could be another troublesome year in the capital markets.

    • 05 Jan 2017

All International Bonds

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 JPMorgan 367.86 1366 9.25%
2 BofA Securities 316.72 1193 7.96%
3 Citi 307.59 1151 7.74%
4 Goldman Sachs 221.20 768 5.56%
5 Barclays 209.93 831 5.28%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 60.47 120 14.19%
2 Credit Agricole CIB 28.28 91 6.64%
3 Santander 25.17 89 5.91%
4 JPMorgan 23.88 61 5.60%
5 UniCredit 21.17 100 4.97%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 Goldman Sachs 7.04 37 15.71%
2 Credit Suisse 5.77 23 12.86%
3 BofA Securities 4.28 26 9.56%
4 JPMorgan 3.61 27 8.04%
5 Morgan Stanley 3.08 13 6.88%