Legacy CMBS Sees Weak TALF Demand

A measly $668.94 million in loans were requested to buy legacy commercial mortgage-backed securities through the Term Asset-Backed Securities Loan Facility.

  • 17 Jul 2009

-- Olivia Thetgyi

A measly $668.94 million in loans were requested to buy legacy commercial mortgage-backed securities through the Term Asset-Backed Securities Loan Facility. “I think investors were [hanging back] to see what would happen,” said one portfolio manager of the first subscription date for existing CMBS.

Despite rumors of ...

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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) 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 %
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1 Citi 82,050.07 237 12.94%
2 Bank of America Merrill Lynch 70,926.06 217 11.18%
3 Wells Fargo Securities 62,359.46 195 9.83%
4 JPMorgan 45,920.23 145 7.24%
5 Credit Suisse 36,830.60 112 5.81%