Investors queue up for Paragon double- and single-A bonds

Lead managers on Paragon 17, the UK buy-to-let RMBS, say there are a host of investors interested in buying the deal’s class ‘B’ and ‘C’ tranches and expect them both to be fully placed.

  • 12 Oct 2012

The £200m deal comprises a £175m triple-A tranche, a £10.5m double-A ‘B’ tranche, a £10m single-A ‘C’ tranche, a £4.5m unrated tranche and a £6m first loss reserve fund.

Paragon will retain the unrated £4.5m junior tranche. With that, the deal complies with Article 122a in the Capital ...

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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

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  • Last updated
  • 24 Jul 2017
1 Bank of America Merrill Lynch 57,945.74 181 12.35%
2 Citi 57,243.86 174 12.20%
3 Wells Fargo Securities 48,214.86 152 10.28%
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5 Credit Suisse 25,010.27 80 5.33%