Large legacy holder said to be behind BWIC surge

A large legacy holder of European structured finance assets may be behind a surge in bids-wanted-in-competition lists that have emerged this week.

  • By Joseph McDevitt
  • 11 Oct 2013

The lists, which are said to be fairly chunky at between €10m-€15m, are said to mostly comprise around 20 lines of diverse assets — including second pay collateralized loan obligations, mezzanine asset-backed securities, and some commercial and residential mortgage-backed securities.

Details are fairly sketchy, but market participants said ...

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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) 6,665 23 12.97
2 Citi 5,781 17 11.25
3 BNP Paribas 3,715 15 7.23
4 Barclays 2,853 9 5.55
5 Credit Suisse 2,783 8 5.42

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 99,250.27 279 13.11%
2 Bank of America Merrill Lynch 92,153.61 267 12.17%
3 Wells Fargo Securities 72,661.39 222 9.59%
4 JPMorgan 52,367.24 169 6.91%
5 Credit Suisse 41,885.89 127 5.53%