Aussie RMBS tests demand for hard bullets

Bendigo and Adelaide Bank, an Australian regional lender, launched an innovative A$775m ($771m) residential mortgage-backed securitisation on Tuesday that incorporated hard bullet, soft bullet and floating rate tranches as issuers test new structures to tap different types of investor.

  • 07 Dec 2010
The deal from Bendigo’s Torrens programme follows hot on the heels of another RMBS bullet — the first since 2004 — from Bankwest at the end of November. But while Bankwest pioneered a soft bullet tranche, Torrens includes a hard bullet alongside two soft bullet tranches and five ...

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New! GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Citi 8,649 25 10.90
2 Bank of America Merrill Lynch (BAML) 8,597 25 10.83
3 Lloyds Bank 5,252 18 6.62
4 JP Morgan 5,195 12 6.54
5 Morgan Stanley 5,011 12 6.31

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 05 Dec 2016
1 Wells Fargo Securities 80,174.27 201 10.91%
2 Bank of America Merrill Lynch 74,495.43 214 10.14%
3 JPMorgan 67,723.30 201 9.22%
4 Citi 66,850.08 199 9.10%
5 Credit Suisse 54,924.54 146 7.48%