Top stories

  • MEP attacks ‘half baked’ framework for bank resolution in Europe

    Philippe Lamberts, a Green MEP, has strongly criticised the rules Europe is putting in place to deal with failing banks, decrying them as “gameable”.

    • 15 Oct 2018
  • UK regulators ratchet up pressure on banks over climate change

    The Bank of England announced on Monday a consultation on a package of measures to tighten its scrutiny of banks’ and other financial firms’ readiness for climate change. The Bank’s approach is gradualist, but it is signalling clearly that firms must take the financial risks from climate change seriously, and that regulation in this area will be ramped up.

    • 15 Oct 2018

  • Berlin Hyp enjoys strong demand for third green Pfandbrief

    Berlin Hyp’s (BHH) third green Pfandbrief attracted a solid oversubscription ratio on Friday, and though the deal offered a hefty concession to its own curve, the pricing was tight compared with other recent deals.

    • 12 Oct 2018
  • SMBC unleashes $1.6tr mortgage market with first ever Japan covered bond

    Sumitomo Mitsui Banking Corporation (SMBC) has mandated leads to roadshow the first ever Japanese covered bond. The RMBS-backed deal is expected to appeal to a broad universe of traditional investors and will set the tone for Japanese megabanks and other borrowers in what could be a rich supply vein for covered bond investors.

    • 11 Oct 2018
  • Dollar market shows strength for Sumitomo

    Japan’s Sumitomo Mitsui was one of two benchmark issuers in dollars in a week cut short by holidays, as markets were battered by volatility ahead of the start of US bank earnings season.

    • 11 Oct 2018
  • Market closes its doors on sub-benchmark bank capital

    Two financial institutions have had to abandon their plans to sell small subordinated bonds in recent days, with euro investors showing very little appetite for taking up illiquid positions in a volatile market. Banks are now facing tough questions about the viability of raising debt capital in sizes of less than €500m, after a period of incredible growth in the sub-benchmark sector.

    • 11 Oct 2018
  • Carige kicks back after Fitch says bank has 'real possibility' of failing

    Banca Carige has challenged a downgrade from Fitch, after the rating agency discussed the potential failure of the bank. The hard-pressed Italian lender also indicated that it had spoken to the European Central Bank about a merger.

    • 11 Oct 2018
  • How to fix a $512bn Libor problem

    There are more than $512bn worth of bonds that will need to switch to an alternative reference rate if global regulators execute plans to ditch the Libor benchmark by the end of 2021, Linklaters said on Wednesday. GlobalCapital asked the law firm what needs to happen for a successful switchover.

    • 11 Oct 2018
  • Developing countries set to open up to catastrophe bonds

    Catastrophe bonds and the emerging markets fit well together, with perils in China and Southeast Asia particularly well placed to be covered. Can the insurance-linked securities market take off?

    • 10 Oct 2018
  • Storm Florence blows a hole in US flood insurance numbers

    Catastrophe bondholders barely felt the flooding unleashed by storm Florence in the Carolinas, highlighting the lack of market exposure to US flood risk.

    • 10 Oct 2018
  • Luminor looks to light up new funding path after senior debut

    Luminor Bank, an Estonian financial institution, was looking to place a small senior unsecured deal in the euro market on Wednesday, in spite of volatile market conditions. The transaction will be the issuer’s first step towards reducing its reliance on bank facilities as a means of funding.

    • 10 Oct 2018
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

  • Testing Brexit stress scuppers stress testing

    Tucked away at the end of a press release, the Bank of England announced this week that it would delay a stress test for financial institutions. A messy departure from the EU could test the banks in real life instead.

    • 11 Oct 2018
  • Transparency is coming to a bank resolution near you

    A recent court ruling in Spain could help to set a precedent for what information must be made public when a bank fails, as claims about the need for confidentiality start to wear thin.

    • 09 Oct 2018

more comment

FIG Priced Deals Database

IssuerMaturitySize
Crédit Mutuel Arkéa05-Oct-23500
Santander Consumer Finance09-Oct-18750
Sampo27-Sep-30500
DZ Bank02-Oct-23250
Société Générale27-Sep-291250


Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 15 Oct 2018
1 JPMorgan 76,186.64 322 6.20%
2 Citi 75,613.49 379 6.15%
3 Bank of America Merrill Lynch 74,259.01 285 6.04%
4 Goldman Sachs 68,889.55 569 5.60%
5 Morgan Stanley 63,853.74 351 5.19%

Bookrunners of Global Covered Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 UniCredit 11,671.49 81 5.45%
2 HSBC 10,985.14 63 5.13%
3 LBBW 10,428.35 68 4.87%
4 Natixis 10,056.83 54 4.69%
5 Commerzbank Group 9,739.62 61 4.55%

Bookrunners of Global Covered Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 UniCredit 11,671.49 81 5.45%
2 HSBC 10,985.14 63 5.13%
3 LBBW 10,428.35 68 4.87%
4 Natixis 10,056.83 54 4.69%
5 Commerzbank Group 9,739.62 61 4.55%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 15 Oct 2018
1 JPMorgan 76,186.64 322 6.20%
2 Citi 75,613.49 379 6.15%
3 Bank of America Merrill Lynch 74,259.01 285 6.04%
4 Goldman Sachs 68,889.55 569 5.60%
5 Morgan Stanley 63,853.74 351 5.19%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 62,605.42 226 10.75%
2 Bank of America Merrill Lynch 62,147.65 236 10.67%
3 Citi 58,882.83 282 10.11%
4 Goldman Sachs 52,120.22 504 8.95%
5 Morgan Stanley 49,659.14 272 8.53%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Natixis 7,428.28 28 7.28%
2 UniCredit 5,756.33 23 5.64%
3 LBBW 5,736.91 24 5.62%
4 Deutsche Bank 5,667.40 19 5.55%
5 Commerzbank Group 5,647.34 22 5.53%

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 7,584.11 21 12.84%
2 Barclays 4,776.16 18 8.08%
3 Credit Suisse 4,490.78 15 7.60%
4 BNP Paribas 4,171.68 19 7.06%
5 UBS 3,877.49 18 6.56%