Near prime Precise Mortgages piques UK investor interest

Charter Court Financial Services’ first securitization of non-prime UK mortgages, Precise Mortgage Funding No1, attracted strong demand from investors. The borrower plans to use the RMBS market regularly.

  • By Joseph McDevitt
  • 22 Nov 2013

Arranger and sole lead manager Credit Suisse started testing investor appetite at the end of last week at initial price thoughts of 110bp-120bp over three month Libor for the £134.5m of triple-A rated ‘A’ notes. The tranche has 21.10% credit support and 3.8 year weighted average life.  

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Share % by Volume
1 Societe Generale 15.35
2 Rabobank 14.41
3 Morgan Stanley 11.73
4 Barclays 8.99
5 Credit Agricole 7.57

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 27 Feb 2017
1 Wells Fargo Securities 11,897.40 33 11.83%
2 Bank of America Merrill Lynch 9,837.56 29 9.78%
3 Citi 9,714.54 32 9.66%
4 JPMorgan 7,997.38 24 7.95%
5 Credit Suisse 6,335.67 14 6.30%