Top stories


  • Stakeholders wage debate on proposal for favourable green capital treatment

    Policymakers and market participants are divided over a proposal to lower bank capital requirements for green assets, after the European Commission said this week that it was considering new measures to promote sustainable finance.

    • 11:45 AM
  • Covered bond volumes to explode in January

    Covered bond primary volumes are likely to grow steeply in January, as issuers take advantage of a sizeable amount of cash that investors will want to return to the market because of soaring redemptions.

    • 02:00 PM
  • FIG buyers focus on lower capital targets as UniCredit presents AT1

    Investors looking at UniCredit’s new additional tier one (AT1) trade on Wednesday will have been pleased to learn that the firm’s capital requirements have fallen by 50bp. Meanwhile, covered bonds are set to remain well supported, and the equity tranches of NPL portfolios look likely to offer securitization investors oversized returns next year.

    • 12:15 PM
  • Bank of Chongqing jumps on AT1 bandwagon

    Bank of Chongqing Co started bookbuilding for its Basel III compliant additional tier one dollar bond on Wednesday, adding to a sector that has seen plenty of action this year.

    • 03:30 AM
  • 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
  • CPTs and green covered bonds to grow, as ESN’s take shape

    Issuance of green covered bonds and conditional pass through (CPT) deals is likely to improve next year, and European Secured Notes are expected to receive regulatory support, Moody’s has said in a report on the outlook for covered bonds in 2018.

    • 12 Dec 2017
  • Spain sells €818m stake in Bankia, 2.3 times covered

    Spain’s government resolution fund, FROB, sold a 7% stake in Bankia in an accelerated bookbuild on Monday night, run by Deutsche Bank, Morgan Stanley and UBS.

    • 12 Dec 2017
  • ECB shaves 20% off UniCredit’s P2 requirement

    The European Central Bank has lowered UniCredit’s Pillar 2 capital requirements by 50bp, recognising the Italian lender’s latest efforts to clean up its balance sheet.

    • 12 Dec 2017
  • Santander takes $1.25bn in Christmas shopping

    Santander Holdings USA offered investors two tranches of senior debt on Monday, as it looked to close in on its total loss-absorbing capacity (TLAC) requirement.

    • 12 Dec 2017
Capital markets data from GlobalCapital


Go to GlobalCapital's FIG data pages for the most up to date information on the global financial institution bond markets. Find our FIG bond comments, FIG league tables by Dealogic and our priced deals database.

** NEW **

This now includes all the data from TheCover

Covered Bonds Priced Deals database

Covered Bonds pipeline 

Covered Bonds League Table Builder




more FIG bond comments


FIG story archive


The GlobalCapital View logo   Comment

  • The SRB must be more transparent after Popular

    The Single Resolution Board (SRB) should not have needed an appeal panel to determine that the Banco Popular resolution could have been more transparent. It was blatantly obvious from the outset.

    • 05 Dec 2017

more comment

FIG Priced Deals Database

IssuerMaturitySize
SpareBank 1 SMN09-Nov-20300
Lloyds Banking Group07-Nov-232250
Lloyds Banking Group07-Nov-281750
Swedbank07-Nov-22500
Santander UK plc03-Nov-20300


Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Morgan Stanley 104,923.90 439 6.82%
2 Citi 98,356.04 569 6.40%
3 Goldman Sachs 95,582.67 530 6.22%
4 Bank of America Merrill Lynch 92,828.47 401 6.04%
5 JPMorgan 88,684.81 426 5.77%

Bookrunners of Global Covered Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 11,789.48 61 3.02%
2 UniCredit 9,672.56 77 2.48%
3 BNP Paribas 9,051.42 45 2.32%
4 Commerzbank Group 8,371.43 55 2.14%
5 LBBW 8,178.05 50 2.09%

Bookrunners of Global Covered Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 11,789.48 61 3.02%
2 UniCredit 9,672.56 77 2.48%
3 BNP Paribas 9,051.42 45 2.32%
4 Commerzbank Group 8,371.43 55 2.14%
5 LBBW 8,178.05 50 2.09%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Morgan Stanley 104,923.90 439 6.82%
2 Citi 98,356.04 569 6.40%
3 Goldman Sachs 95,582.67 530 6.22%
4 Bank of America Merrill Lynch 92,828.47 401 6.04%
5 JPMorgan 88,684.81 426 5.77%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 83,984.67 439 10.79%
2 Bank of America Merrill Lynch 74,925.58 342 9.63%
3 JPMorgan 74,072.86 330 9.52%
4 Morgan Stanley 74,016.23 325 9.51%
5 Goldman Sachs 73,660.64 448 9.46%

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 3.14%
2 Credit Agricole CIB 5,608.30 21 3.11%
3 LBBW 5,605.63 20 3.11%
4 SG Corporate & Investment Banking 5,543.24 22 3.08%
5 Commerzbank Group 4,949.16 20 2.75%

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%