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Investment banks support covered label

Friday, June 22, 2012

A group of investment banks active in the covered bond market have pledged their support to the European Covered Bond Council's (ECBC) label initiative by allowing issuers to offset the cost of the label against fees to lead managers.

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Covered bonds €500m+


Lead manager Amount
€(bn)
No of Issues Share %
1 UniCredit 3.46 22 8.4
2 Credit Agricole CIB 3.39 20 8.2
3 Barclays 3.35 18 8.1
4 BNP Paribas 2.75 13 6.6

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