EIB invests in first synthetic securitization under Juncker plan

Commerzbank has sold the first synthetic securitization to the European Investment Bank (EIB) under the European Fund for Strategic Investments, otherwise known as the ‘Junker Plan’, which aims to encourage lending and investment across Europe.

  • By Sam Kerr
  • 20 Apr 2017

The deal transfers €90m of CLO risk to the EIB through the European Investment Fund (EIF). Under the terms of the transaction, EIF will guarantee the mezzanine debt in the securitization with Commerzbank holding the senior notes.

The guarantee provides regulatory ...

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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) 4,755 19 11.75
2 Citi 4,288 14 10.60
3 Rabobank 2,633 4 6.51
4 Goldman Sachs 2,615 4 6.46
5 Barclays 2,603 8 6.43

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1 Citi 74,266.46 209 13.33%
2 Bank of America Merrill Lynch 64,298.92 202 11.54%
3 Wells Fargo Securities 55,583.74 178 9.98%
4 JPMorgan 40,447.01 140 7.26%
5 Credit Suisse 30,239.23 97 5.43%