Peripheral yield draws new ABS buyers, but investors question rally

Union De Créditos Inmobiliarios (UCI) expanded the investor base for its Prado Spanish RMBS shelf in its latest deal despite taking a bullish stance on pricing. However, not all investors are convinced the peripheral rally will last.

  • By David Bell
  • 19 Oct 2016
A total of 21 investors participated in the UCI deal, which saw €319m of paper placed with investors at a spread of 65bp over three month Euribor. According to one of the leads on the most recent deal, the issuer’s previous outing saw just 12 investors taking part, ...

Please take a trial or subscribe to access this content.

Contact Mark Goodes to discuss your access: mark.goodes@globalcapital.com

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.

New! GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Citi 8,649 25 10.90
2 Bank of America Merrill Lynch (BAML) 8,597 25 10.83
3 Lloyds Bank 5,252 18 6.62
4 JP Morgan 5,195 12 6.54
5 Morgan Stanley 5,011 12 6.31

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 05 Dec 2016
1 Wells Fargo Securities 80,174.27 201 10.91%
2 Bank of America Merrill Lynch 74,495.43 214 10.14%
3 JPMorgan 67,723.30 201 9.22%
4 Citi 66,850.08 199 9.10%
5 Credit Suisse 54,924.54 146 7.48%