Natixis tests appetite for new legacy UK non-conforming RMBS

In a sign that risk appetite in the ABS market continues to grow as investors face falling yields in core and prime sectors, Natixis is looking to price the year’s first true-sale securitisation of UK non-conforming mortgages.

  • 15 Apr 2013
Virgil Mortgage No1 is a multi-originator UK RMBS backed by a pool of pre-crisis, non-conforming mortgages for owner-occupied and buy-to-let properties. It uses a simple two tranche structure, with a £70.7m class ‘A’ tranche, which has been rated AA by Standard & Poor’s, and an unrated £53m class ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.

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) 6,415 22 12.84
2 Citi 5,781 17 11.57
3 BNP Paribas 3,530 14 7.06
4 Credit Suisse 2,783 8 5.57
5 Rabobank 2,633 4 5.27

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 99,251.11 279 13.15%
2 Bank of America Merrill Lynch 90,895.27 265 12.04%
3 Wells Fargo Securities 72,661.39 222 9.63%
4 JPMorgan 52,367.24 169 6.94%
5 Credit Suisse 41,885.89 127 5.55%