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 ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Share % by Volume
1 Citi 10.72
2 Bank of America Merrill Lynch (BAML) 10.66
3 Credit Suisse 6.45
4 Lloyds Bank 6.42
5 JP Morgan 6.35

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
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%