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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)
Arrowpoint Asset Management, Arrowpoint 2014-3Goldman Sachs415.00
Trimarian Capital Advisors, Catamaran 2014-2Credit Suisse464.75
Kramer Van Kirk Credit Strategies, KVK 2014-3Goldman Sachs516.00

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 Aug 2014
1 JPMorgan 133,759.50 282 0.00%
2 Citi 117,145.39 281 0.00%
3 Bank of America Merrill Lynch 113,628.86 309 0.00%
4 Barclays 104,450.28 248 0.00%
5 Deutsche Bank 102,232.45 212 0.00%

Financing Record (MBS)

IssuerPriceTotal Amount ($ Millions)
HAROT 2014-399.98334.20
HAROT 2014-3100.00256.40
HAROT 2014-399.98110.00

Priced Deals

IssuerMaturitySize
Virgin Money Holdings160
Credit Mutuel Nord Europe30-Jul-19300
Admiral Group25-Jul-24200

bookrunners of European Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 12 Aug 2014
1 JPMorgan 4,076.46 11 0.00%
2 Deutsche Bank 3,489.39 10 0.00%
3 Bank of America Merrill Lynch 2,737.00 7 0.00%
4 RBS 2,666.67 6 0.00%
5 Barclays 2,655.81 8 0.00%
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