FIG

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  • Caffil to issue first green public sector covered bond

    Caffil to issue first green public sector covered bond

    Caisse Francaise de Financement Local (Caffil) has mandated leads for a roadshow to present its new green covered bond framework, which in contrast to all other green covered bonds, is secured on public sector assets.

  • Positive yields drive demand for LBP covered bond

    Positive yields drive demand for LBP covered bond

    La Banque Postale (LBP) took advantage of a rare rise in yields, just managing to issue a positive yielding covered bond on Monday. The tiny return was just enough to ensure a demonstrable success and stood in sharp contrast to two negative yielding deals issued last week which could have been hit by European Central Bank’s deposit tiering, said bankers.


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In Depth

  • Sky high MREL costs cast shadow over Metro Bank’s future

    Metro Bank could be forced to overhaul its strategy for growth after agreeing to pay an exorbitant rate on a new senior bond this week, in desperation to meet a looming set of regulatory requirements. Tyler Davies reports.

  • Generali proves value of green T2

    Generali was the talk of the FIG bond market this week as it became the first west European financial institution to issue a tier two capital note in green bond format. The insurer’s pioneering spirit reaped rewards, with the green element variously estimated to have shorn 5bp-10bp from its cost of funding. That could tempt other firms to issue subordinated green debt. David Freitas reports.

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
1 77,305.39 407 6.03%
2 74,654.14 372 5.82%
3 68,863.77 389 5.37%
4 61,126.03 325 4.77%
5 51,552.90 443 4.02%

Bookrunners of Global Covered Bonds

Rank Lead Manager Amount $m No of issues Share %
1 12,949.56 107 6.15%
2 12,422.65 66 5.90%
3 10,117.31 61 4.80%
4 8,606.87 52 4.08%
5 8,380.62 45 3.98%