NordLB frees up lending capacity with synthetic securitisation

Germany’s Norddeutsche Landesbank has structured a second risk transfer trade in as many months, selling mezzanine risk to an institutional investor in a move designed to free up space on its balance sheet for more lending.

  • 29 Aug 2012

The bank sold a second loss risk tranche on a pool of infrastructure loans to a UK institutional account. The deal is understood to pay a high single digit coupon, although details were unavailable early on Wednesday afternoon.

The Blue Rock synthetic securitisation is backed by a portfolio of ...

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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) 6,665 23 13.02
2 Citi 5,781 17 11.29
3 BNP Paribas 3,530 14 6.89
4 Barclays 2,853 9 5.57
5 Credit Suisse 2,783 8 5.44

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 99,250.27 279 13.13%
2 Bank of America Merrill Lynch 91,648.43 266 12.13%
3 Wells Fargo Securities 72,661.39 222 9.61%
4 JPMorgan 52,367.24 169 6.93%
5 Credit Suisse 41,885.89 127 5.54%