ME beats target with A$665m RMBS deal

Members Equity Bank returned to the residential mortgage-backed securitisation market this week, selling a A$665m ($673.9m) deal that beat its size target after drawing more than A$200m of demand from the Australian Office of Financial Management, the government debt agency.

  • 13 Oct 2011
The issuer sold A$621.75m of ‘Class A’ notes, which were priced to yield 125bp over the one month bank bill swap rate. That top level tranche was rated AAA by Standard & Poor’s and Fitch, and has a weighted average life of three years. The bank also sold ...

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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 %
  • Last updated
  • Today
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%