German multi-family provides hope for grim CMBS year ahead

The German multi-family sector tops the list for potential CMBS candidates next year, market participants say. But Moody’s reckons that any deals will be exceptions amid a year of heavy expected losses.

  • 18 Dec 2012
German Residential Asset Note Distributor (GRAND), Europe’s largest outstanding CMBS at around €4.4bn, is a candidate for a new securitisation, some market participants say. The multi-family underlying properties – which typically benefit from very steady cashflows – and the sheer size of the refinancing, make it a likely ...

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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%