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 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 %
  • Last updated
  • Today
1 Citi 98,544.62 277 13.26%
2 Bank of America Merrill Lynch 90,698.73 264 12.20%
3 Wells Fargo Securities 70,282.48 216 9.45%
4 JPMorgan 51,967.93 167 6.99%
5 Credit Suisse 41,545.25 126 5.59%