Buyer Scrutiny May Herald Non-Conf Spread Split

U.K. non-conforming residential mortgage-backed securities could see a sharp divergence between stronger credits in securitized paper and less well-bid names.

  • 13 Mar 2013
U.K. non-conforming residential mortgage-backed securities could see a sharp divergence between stronger credits in securitized paper and less well-bid names. That’s because investors are eschewing “indiscriminate” buying in secondary markets, and instead becoming more selective on what securitized paper they load up on, according to market officials trading ...

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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 %
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1 Citi 99,250.27 279 13.13%
2 Bank of America Merrill Lynch 91,648.43 266 12.13%
3 Wells Fargo Securities 72,661.39 222 9.61%
4 JPMorgan 52,367.24 169 6.93%
5 Credit Suisse 41,885.89 127 5.54%