Friesland ready to collapse Eleven Cities

Friesland Bank took another step towards collapsing its outstanding Stichting Eleven Cities RMBS programme next year, after inserting a quarterly call option into documentation at a noteholders’ meeting on Monday.

  • 14 Dec 2012

The call option applies to all tranches in CIT11 3, CIT11 4, CIT11 5 and CIT11 8. It allows Friesland Bank to call any of the bonds on a quarterly basis, starting from January 2013.

Those call options will allow Friesland to collapse the Eleven Cities programme and ...

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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

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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%