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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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CLO

IssuerArrangerSize ($M)
BlueMountain Capital Management, BlueMountain CLO 2014-3Citi612.05
Silvermine Capital Management, ECP 2014-6Citi879.10
CIFC Asset Management LLC, CIFC 2014-IVMorgan Stanley626.50

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 44,231.71 107 10.11%
2 Citi 43,338.90 107 9.91%
3 Bank of America Merrill Lynch 38,388.03 108 8.78%
4 Barclays 37,285.66 95 8.52%
5 Credit Suisse 36,262.48 89 8.29%

Financing Record (MBS)

IssuerPriceTotal Amount ($ Millions)
VOLT 2014-NPL599.84123.80
VOLT 2014-NPL598.0624.30
TCMLT 2014-NPL198.4535.50

Priced Deals

IssuerMaturitySize
UBS03-Sep-211500
UBS05-Sep-161500
Deutsche Bank15-Apr-19700

Bookrunners of European Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 26 Aug 2014
1 JPMorgan 4,076.46 11 9.39%
2 Deutsche Bank 3,489.39 10 8.04%
3 Bank of America Merrill Lynch 2,737.00 7 6.30%
4 RBS 2,666.67 6 6.14%
5 Barclays 2,655.81 8 6.12%