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Securitization

Aussie investors flock to Bankwest’s RMBS bullet

Bankwest priced a bigger-than-expected A$1bn ($990m) residential mortgage-backed securitisation on Friday, showing the strong demand for fixed rate bullet structures despite having to compete with a more conventional deal from Resimac, which priced its own issue on the same day.

  • 21 Nov 2010
Bankwest’s issue was divided into six tranches, and all but one were typical amortising tranches that pay a floating rate. But one tranche was priced to yield a fixed rate of 7% and uses a bullet repayment schedule, offering investors two features that have not been combined in ...

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CLO

IssuerArrangerSize ($M)
THL Credit, Wind River 2014-3Deutsche Bank408.68
York CLO Managed Holdings, York CLO-1Credit Suisse412.85
NewStar Financial, NewStar Clarendon FundCiti407.40

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 73,139.63 181 10.37%
2 Bank of America Merrill Lynch 62,363.99 182 8.84%
3 Barclays 59,767.03 157 8.48%
4 Citi 58,758.42 158 8.33%
5 Credit Suisse 56,960.59 141 8.08%

Financing Record (MBS)

IssuerPriceTotal Amount ($ Millions)
SWAY 2014-199.50502.00
NAROT 2014-B100.00179.00
NAROT 2014-B100.00243.00

Priced Deals

IssuerMaturitySize
La Mondiale500
DekaBank474
Intesa Sanpaolo Vita17-Dec-24750

Bookrunners of European Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 16 Dec 2014
1 JPMorgan 10,367.66 21 12.72%
2 Deutsche Bank 6,702.94 20 8.22%
3 Bank of America Merrill Lynch 5,509.73 14 6.76%
4 Citi 5,022.24 13 6.16%
5 Barclays 4,839.91 15 5.94%