PPIP May Give Some CMBS Prices A Lift

Citigroup analysts say the U.S. Public-Private Investment Program appears to be helping raise prices on low-rated commercial mortgage-backed securities.

  • 16 Aug 2010
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Citigroup analysts say the U.S. Public-Private Investment Program appears to be helping raise prices on low-rated commercial mortgage-backed securities. According to the analysts, the debt now trades at 83 on the dollar compared 81 cents in January and 38 cents in March 2009, when the government announced the program. They also noted that investment firms prefer the mezzanine AAA class of CMBS, one notch below the top rated class.

Click here to read the story from Bloomberg.

  • 16 Aug 2010

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%