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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)
Cairn Loan InvestmentsCiti343.03
Credit Suisse Asset ManagementCredit Suisse459.75
KKR Credit Advisors Morgan Stanley587.45

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 25 May 2015
1 Credit Suisse 22,179.57 63 9.69%
2 JPMorgan 21,599.12 63 9.44%
3 Wells Fargo Securities 20,780.35 74 9.08%
4 Bank of America Merrill Lynch 20,734.76 70 9.06%
5 Citi 18,738.60 58 8.19%

Financing Record (MBS)

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

Priced Deals

IssuerMaturitySize
Rabobank29-May-201500
Swedbank01-Jun-22750
Credit Suisse27-May-22600

Bookrunners of European Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 19 May 2015
1 Citi 2,671.23 7 11.86%
2 Santander 1,721.49 6 7.65%
3 Lloyds Banking Group 1,602.48 4 7.12%
4 Rabobank 1,554.34 3 6.90%
5 Credit Agricole CIB 1,440.29 5 6.40%