NHMFC promises more after opening Philippines RMBS

The Philippines National Home Mortgage Finance Corp priced the country’s first residential mortgage backed securitisation this week and is already looking to follow the deal with a second issue.

  • 25 Mar 2009

State-owned NHMFC, which has the task of improving liquidity in the country’s secondary mortgage market, raised Ps2.1bn ($44m) from the inaugural issue of BahayBonds on Monday in a deal welcomed by bankers and politicians in the Philippines.

“We are delighted to see NHMFC taking the first and firm step ...

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Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 6,415 22 12.84
2 Citi 5,781 17 11.57
3 BNP Paribas 3,530 14 7.06
4 Credit Suisse 2,783 8 5.57
5 Rabobank 2,633 4 5.27

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1 Citi 98,446.48 276 13.35%
2 Bank of America Merrill Lynch 90,174.33 262 12.23%
3 Wells Fargo Securities 70,282.48 216 9.53%
4 JPMorgan 51,967.93 167 7.05%
5 Credit Suisse 41,447.11 125 5.62%