Traditional B-Piece Buyers Bide Time

The market for B-pieces, or the first-loss classes of commercial mortgage-backed securities deals, is likely to remain thin as traditional players sit on the sidelines and wait for more attractive pricing and better quality collateral.

  • 17 Mar 2011
The market for B-pieces, or the first-loss classes of commercial mortgage-backed securities deals, is likely to remain thin as traditional players sit on the sidelines and wait for more attractive pricing and better quality collateral, said panelists at the Commercial Real Estate Finance Council’s Distressed Debt Summit in ...

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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) 6,415 22 12.84
2 Citi 5,781 17 11.57
3 BNP Paribas 3,530 14 7.06
4 Credit Suisse 2,783 8 5.57
5 Rabobank 2,633 4 5.27

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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  • Today
1 Citi 99,251.11 279 13.17%
2 Bank of America Merrill Lynch 90,895.27 265 12.06%
3 Wells Fargo Securities 72,661.39 222 9.64%
4 JPMorgan 52,367.24 169 6.95%
5 Credit Suisse 41,885.89 127 5.56%