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
Email a colleague
Request a PDF

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) 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

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • 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%
4 JPMorgan 33,301.70 114 7.10%
5 Credit Suisse 25,010.27 80 5.33%