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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)
Invesco Senior Secured Management, Limerock CLO IIICredit Suisse512.50
HarbourView, HarbourView VIIJefferies414.00
MCF Capital Management LLC., MCF IVWells Fargo405.96

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 57,475.48 143 10.31%
2 Bank of America Merrill Lynch 50,643.60 142 9.09%
3 Citi 50,519.56 130 9.06%
4 Barclays 49,010.92 123 8.79%
5 Credit Suisse 46,233.08 112 8.29%

Financing Record (MBS)

IssuerPriceTotal Amount ($ Millions)
CCCIT 2014-A899.991,099.80
Westgate 2014-1100.0053.00
Westgate 2014-1100.0035.00

Priced Deals

IssuerMaturitySize
Citi27-Oct-211000
Deutsche Bank08-Sep-21250
Credit Suisse16-Oct-191000

Bookrunners of European Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 16 Oct 2014
1 Deutsche Bank 18,793.68 79 9.06%
2 JPMorgan 16,037.88 81 7.73%
3 Credit Suisse 12,933.87 62 6.24%
4 Citi 11,946.76 44 5.76%
5 Barclays 11,615.50 52 5.60%