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Securitization

Aussie RMBS tests demand for hard bullets with new investors

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

  • 09 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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US CLO

IssuerArrangerSize ($M)
Tikehau Capital Europe Goldman Sachs399.85
PineBridge InvestmentsBarclays372.66
Cairn Loan InvestmentsCiti343.03

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 29 Jun 2015
1 JPMorgan 32,710.67 90 10.22%
2 Wells Fargo Securities 30,567.24 107 9.55%
3 Credit Suisse 28,829.66 82 9.00%
4 Bank of America Merrill Lynch 26,978.77 91 8.43%
5 Citi 25,309.67 78 7.90%

Financing Record (MBS)

IssuerPriceTotal Amount ($ Millions)
GEDFT 2015-1100.00475.00
GEDFT 2015-2100.00300.00
OMFIT 2015-1100.0072.90

Priced Deals

IssuerMaturitySize
UBS30-Jun-201500
HSBC30-Jun-251500
Co-operative Bank01-Jul-25250

Bookrunners of European Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 30 Jun 2015
1 Citi 3,064.41 8 9.52%
2 Deutsche Bank 2,421.47 6 7.52%
3 Bank of America Merrill Lynch 2,219.04 8 6.89%
4 Lloyds Banking Group 2,202.26 6 6.84%
5 Santander 2,047.53 8 6.36%