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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IssuerArrangerSize ($M)
Aegon USA Investment Management, LLC., Cedar Funding IVJefferies460.85
GSO/Blackstone Debt Funds Management LLC, Thacher ParkGoldman Sachs564.30
Symphony Asset Management, Symphony CLO VIII Credit Suisse349.00

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 22 Sep 2014
1 JPMorgan 48,775.13 118 10.20%
2 Citi 45,199.98 114 9.45%
3 Barclays 41,510.32 108 8.68%
4 Bank of America Merrill Lynch 40,995.43 116 8.57%
5 Credit Suisse 39,187.38 100 8.19%

Financing Record (MBS)

IssuerPriceTotal Amount ($ Millions)
World Omni Auto Lease 2014-A100.0030.10
World Omni Auto Lease 2014-A100.00305.40
World Omni Auto Lease 2014-A100.00213.60

Priced Deals

Macquarie Bank16-Sep-19500
Lloyds Bank10-Sep-191000
Swiss Re11-Sep-44500

Bookrunners of European Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 4,606.09 13 8.64%
2 Deutsche Bank 4,084.61 12 7.66%
3 Bank of America Merrill Lynch 3,862.85 9 7.25%
4 Barclays 3,192.54 10 5.99%
5 HSBC 2,880.36 7 5.40%