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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New! GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 5,352 14 11.86
2 Citi 4,816 14 10.67
3 Credit Suisse 4,153 7 9.20
4 Lloyds Bank 3,788 10 8.40
5 JP Morgan 2,973 7 6.59

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 Jul 2016
1 Wells Fargo Securities 45,336.10 100 12.16%
2 Bank of America Merrill Lynch 41,302.92 108 11.08%
3 Citi 33,726.24 98 9.04%
4 JPMorgan 32,293.55 94 8.66%
5 Credit Suisse 29,886.76 80 8.01%