South African Bank Rolls Out CMBS Deal

FirstRand Bank, through its Rand Merchant Bank division, has come to market with a commercial mortgage-backed securities deal, Freestone Finance Company Ltd Series 2.

  • 04 Apr 2008

--Cristina Pittelli

The deal, worth ZAR650 million ($83 million), is backed by one fixed rate loan to Emira Property Fund and secured by 36 retail, industrial and office properties across South Africa.

Moody’s Investors Service has rated the deal Aa1/Aaa.za. There is only one class of notes, A1, with ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Share % by Volume
1 Societe Generale 13.43
2 Rabobank 12.61
3 Morgan Stanley 10.27
4 Barclays 7.86
5 Natwest Markets (RBS) 7.15

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Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 27 Mar 2017
1 Bank of America Merrill Lynch 18,561.02 56 11.69%
2 Wells Fargo Securities 18,160.90 57 11.44%
3 JPMorgan 12,092.45 38 7.62%
4 Citi 11,878.92 43 7.48%
5 Credit Suisse 9,276.87 26 5.84%