US CMBS spreads hit tightest level in three years

US CMBS conduit spreads hit their tightest level since July 2014 on Friday, as market watchers eye heavy demand even in the face of a deluge of new paper in the fourth quarter.

  • By Max Adams
  • 30 Oct 2017
Morgan Stanley, Bank of America Merrill Lynch and Wells Fargo managed to shave 2bp off of initial price guidance for the $1.13bn BANK 2017-BNK8 deal, pricing the triple-A rated ‘A-4’ class at 76bp over swaps. The triple-B minus ‘D’ class was also tightened from ...

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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) 7,026 25 11.95
2 Citi 6,449 21 10.96
3 BNP Paribas 5,093 18 8.66
4 Barclays 4,040 11 6.87
5 Lloyds Bank 3,615 14 6.15

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 111,812.59 321 13.02%
2 Bank of America Merrill Lynch 97,374.77 285 11.34%
3 Wells Fargo Securities 81,904.68 250 9.54%
4 JPMorgan 62,040.18 194 7.22%
5 Credit Suisse 44,939.65 139 5.23%