AMP raises A$535m in latest government-backed RMBS

AMP Bank priced a A$535m ($352m) residential mortgage backed securitisation on Monday, marking the latest in a round of government-sponsored deals in the Australian structured finance market.

  • 23 Mar 2009

Deutsche Bank and Westpac Banking Corp arranged the deal, called Progress 2009-1. It is the third RMBS to benefit from the backing of the Australian Office of Financial Management (AOFM), the government debt agency, following issues from Credit Union Australia and Bendigo and Adelaide Bank.

Some A$500m of the ...

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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) 7,026 25 11.95
2 Citi 6,449 21 10.96
3 BNP Paribas 5,093 18 8.66
4 Barclays 4,040 11 6.87
5 Lloyds Bank 3,615 14 6.15

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 111,131.36 317 13.04%
2 Bank of America Merrill Lynch 96,639.32 283 11.34%
3 Wells Fargo Securities 81,749.66 249 9.60%
4 JPMorgan 61,554.22 191 7.22%
5 Credit Suisse 44,689.16 138 5.25%