BMO sets up RMBS vehicle for breakthrough mortgage deal

Bank of Montreal has set up a securitization vehicle that could issue its first RMBS deal soon, backed by C$2bn of uninsured prime mortgages, as analysts said new lending rules could spark the emergence of a Canadian private label RMBS market.

  • By David Bell
  • 18 Apr 2017

The deal, Bicentennial Trust 2017-1, would be a rare example of a Canadian private label RMBS deal.

A senior class ‘A’ of notes represents 95% of the C$1.96bn ($1.46bn) pool of prime mortgages without federal insurance coverage. The deal has six other classes of rated notes, down to ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 6,778 8 22.97
2 Citi 5,854 5 19.84
3 Goldman Sachs 4,763 3 16.14
4 Societe Generale 1,506 3 5.10
5 Rabobank 1,413 2 4.79

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
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1 Citi 38,486.16 95 14.84%
2 Bank of America Merrill Lynch 35,181.47 86 13.56%
3 Wells Fargo Securities 24,415.38 74 9.41%
4 JPMorgan 17,158.72 50 6.62%
5 Goldman Sachs 13,413.44 31 5.17%