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  • Superb covered bond deserve your vote

    Please cast your confidential vote for all or any of the last nine euro covered bond benchmarks issued last week and before - including those issued by Banco BPI, Credit Agricole Italia, Nordea, BPER Banca and Stadshypotek.

    • 19 Mar 2019
  • Skipton sets eyes on Sonia first

    Skipton Building Society has mandated leads for its first Sonia-linked covered bond. The issuer follows National Westminster Bank and takes advantage of an improvement in sentiment that followed a UK Parliament vote last week.

    • 19 Mar 2019
  • CaixaBank prices preferred flat to curve

    CaixaBank took advantage of strong market conditions to issue a €1bn seven year senior preferred transaction on Tuesday with strong demand allowing the issuer to price flat to its curve. At the same time, RBS opened order books for a dollar-denominated five year senior deal.

    • 19 Mar 2019
  • BBVA plans ahead in AT1

    BBVA was set to replenish its additional tier one (AT1) capital base on Tuesday, launching a deal designed to give it more options when it comes to calling outstanding bonds.

    • 19 Mar 2019

Latest News


  • Three banks push out tier twos on super Tuesday

    Danske Bank and Crédit Agricole took a combined €2bn of tier two debt out of the market on Tuesday, while Bawag was also active on a busy day for FIG syndicates.

    • 19 Mar 2019
  • VUB issues first Slovakian covered bond benchmark

    Slovak Vseobecna uverova banka (VUB) attracted a €2.5bn orderbook from 160 mostly new investors on Tuesday for its first benchmark covered bond and the debut benchmark from Slovakia. The deal sends a strong signal to other borrowers in the country, where several banks are understood to be lining up, and shows that the covered bond market is open and ready for their business.

    • 19 Mar 2019
  • The perverse logic of Deutsche-Commerzbank

    The potential merger between Deutsche Bank and Commerzbank has been repeatedly panned since it was first floated, with good reason. But at the level of the whole German banking system, there is a certain logic to it.

    • 19 Mar 2019
  • KfW would provide Deutschmerz exit for German gov

    KfW, the German state-owned development bank, could be used to support the merged entity of Deutsche Bank and Commerzbank by taking on the government's stake in the latter.

    • 18 Mar 2019
  • FIS plans $11bn debt raise for Worldpay purchase

    The US’ FIS will buy the formerly RBS-owned Worldpay in a debt-funded $43bn transaction, in a deal to form one of the biggest financial services technology and payment companies in the world.

    • 18 Mar 2019
  • UK trio hit covered bonds as Brexit woes recede

    Lloyds Bank and National Westminster Bank issued exceptionally well subscribed covered bonds respectively in euros and sterling on Monday as Virgin Money announced roadshow plans for its debut deal. The three borrowers took advantage of the UK Parliamentary vote to avert a ‘no deal’ Brexit.

    • 18 Mar 2019
  • Bankia blows out as credit markets march on

    Bankia used €6bn of demand on Monday to launch a new senior bond at a spread that was tighter than the fair value implied by on-looking bankers. SpareBank 1 SR-Bank was also active in euros at the beginning of the week, as credit markets got off to a flying start on the back of a recent rally.

    • 18 Mar 2019
  • BNP Paribas gets started on 2019 debt capital goals

    BNP Paribas opened books on a new additional tier one in dollars on Monday, having told the market that it would be looking to raise an equivalent of €3bn of subordinated debt in 2019.

    • 18 Mar 2019
  • VUB to issue Slovakia’s first covered bond benchmark

    After completing a roadshow, Slovak Vseobecna uverova banka (VUB), a subsidiary of Intesa Sanpaolo, is set to issue its first euro-denominated covered bond in benchmark size.

    • 18 Mar 2019
  • Deutsche’s misfiring CIB a crucial factor in Commerz merger plans

    Deutsche Bank has signalled its commitment to maintaining a “strong capital markets business” after admitting it has begun formal merger talks with smaller rival Commerzbank.

    • 18 Mar 2019

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The GlobalCapital View logo   Comment

  • This central bank show cannot go on

    This year’s bull market in credit and equities stems from central banks trying to soften the blow of a downturn, rather than from expectations of actual growth. This irony cannot last, for reasons of economics, policy and politics.

    • 19 Mar 2019
  • The perverse logic of Deutsche-Commerzbank

    The potential merger between Deutsche Bank and Commerzbank has been repeatedly panned since it was first floated, with good reason. But at the level of the whole German banking system, there is a certain logic to it.

    • 19 Mar 2019

more comment

FIG Priced Deals Database

IssuerSizeType
Bankia100010NC5 tier two
Banco Santander1200PNC5 AT1
Deutsche Bank500non-preferred senior
Deutsche Bank750non-preferred senior
Deutsche Bank750non-preferred senior
Deutsche Bank1500non-preferred senior
Deutsche Pfandbriefbank500senior
Argenta Spaarbank500senior
Berlin Hyp500senior
Sydbank500non-preferred senior


Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 23,911.57 111 7.14%
2 JPMorgan 22,809.86 95 6.81%
3 Bank of America Merrill Lynch 20,873.29 79 6.23%
4 Morgan Stanley 18,692.40 97 5.58%
5 Goldman Sachs 16,682.64 142 4.98%

Bookrunners of Global Covered Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 6,183.34 29 6.59%
2 UniCredit 5,615.53 47 5.98%
3 LBBW 5,509.16 31 5.87%
4 Natixis 4,708.38 22 5.02%
5 Barclays 4,483.66 25 4.78%

Bookrunners of Global Covered Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 6,183.34 29 6.59%
2 UniCredit 5,615.53 47 5.98%
3 LBBW 5,509.16 31 5.87%
4 Natixis 4,708.38 22 5.02%
5 Barclays 4,483.66 25 4.78%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 23,911.57 111 7.14%
2 JPMorgan 22,809.86 95 6.81%
3 Bank of America Merrill Lynch 20,873.29 79 6.23%
4 Morgan Stanley 18,692.40 97 5.58%
5 Goldman Sachs 16,682.64 142 4.98%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Bank of America Merrill Lynch 19,182.80 67 11.46%
2 Citi 18,801.44 86 11.23%
3 JPMorgan 18,170.32 75 10.85%
4 Morgan Stanley 15,609.36 72 9.32%
5 Goldman Sachs 14,161.74 124 8.46%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Natixis 3,944.55 14 7.52%
2 HSBC 3,694.64 13 7.04%
3 LBBW 3,692.39 14 7.04%
4 Credit Agricole CIB 3,475.55 14 6.63%
5 Deutsche Bank 3,304.65 12 6.30%

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 Credit Agricole CIB 3,286.19 8 17.05%
2 UBS 2,883.39 8 14.96%
3 HSBC 1,533.23 10 7.96%
4 Deutsche Bank 1,178.57 8 6.12%
5 BNP Paribas 921.79 8 4.78%