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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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European CLO

IssuerArrangerSize ($M)
Babson Capital ManagementGoldman Sachs459.75
Pramerica Investment Management LimitedCredit Suisse 458.55
AXA Investment Managers JP Morgan397.27

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 24 Aug 2015
1 Bank of America Merrill Lynch 42,982.11 135 10.20%
2 JPMorgan 40,841.61 112 9.69%
3 Wells Fargo Securities 38,083.68 127 9.04%
4 Credit Suisse 35,427.49 103 8.41%
5 Citi 33,097.17 99 7.85%

Financing Record (MBS)

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

Priced Deals

IssuerMaturitySize
BNP Paribas19-Aug-251500
Swedbank18-Aug-20500
Abbey National22-May-19400

Bookrunners of European Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 25 Aug 2015
1 Bank of America Merrill Lynch 5,730.87 19 11.39%
2 Citi 4,162.78 13 8.27%
3 Commerzbank Group 3,341.77 6 6.64%
4 Deutsche Bank 3,043.17 8 6.05%
5 Morgan Stanley 3,005.09 9 5.97%