CMBS 2.0, tighter spreads raise CMBS hopes — but S&P unconvinced

The Commercial Real Estate Financial Council released CMBS 2.0, a set of best practice guidelines for the CMBS market, on Wednesday. Improved structuring practices and tighter spreads have raised hopes of more transactions next year, but Standard & Poor’s has warned there are still significant obstacles to a fully functioning market.

  • 15 Nov 2012
The CREFC unveiled the final set of guidelines at its autumn conference on Wednesday. The guidelines aim to help future deals avoid pre-crisis mistakes and restore investor confidence in the instrument. They make recommendations in five areas: disclosure, revenue extraction (including class X note structures), investor identification and ...

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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) 4,755 19 11.75
2 Citi 4,288 14 10.60
3 Rabobank 2,633 4 6.51
4 Goldman Sachs 2,615 4 6.46
5 Barclays 2,603 8 6.43

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 83,931.01 244 12.94%
2 Bank of America Merrill Lynch 71,587.85 220 11.03%
3 Wells Fargo Securities 64,351.96 203 9.92%
4 JPMorgan 46,391.25 147 7.15%
5 Credit Suisse 37,323.31 115 5.75%