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 41.30
2 Rabobank 35.35
3 Morgan Stanley 11.45
4 BNP Paribas 5.95
4 Credit Agricole 5.95

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 16 Jan 2017
1 SG Corporate & Investment Banking 1,260.06 2 126,006,164,037.19%
2 Rabobank 1,081.86 1 108,185,922,974.77%
3 Wells Fargo Securities 430.57 1 43,057,020,785.00%
4 SK Securities 192.86 1 19,286,162,593.99%
4 Meritz Financial Group Inc 192.86 1 19,286,162,593.99%