One Year Ago In Securitization

* UnumProvident landed the first securitization of group long-term disability insurance. The $130 million Tailwind Holdings securitization was backed by the profit and release of capital from reinsurer Tailwind Re.

  • 02 Nov 2007
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* UnumProvident landed the first securitization of group long-term disability insurance. The $130 million Tailwind Holdings securitization was backed by the profit and release of capital from reinsurer Tailwind Re. [The company closed last week the first securitization of individual disability policies. (To see the story, click here.)]

* Europe's first commercial real estate collateralized debt obligation was being marketed. Morgan Stanley was arranging the E342 million (436.8 million) Anthracite Euro CRE CDO 2006-1 with BlackRock Management managing. The deal came after months of speculation as to who would crack the CRE CDO market in Europe. [Despite hopes the deal would open the gates to a flood of CRE CDOs, issuance to date has been paltry.]

  • 02 Nov 2007

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) 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

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 98,544.62 277 13.26%
2 Bank of America Merrill Lynch 90,698.73 264 12.20%
3 Wells Fargo Securities 70,282.48 216 9.45%
4 JPMorgan 51,967.93 167 6.99%
5 Credit Suisse 41,545.25 126 5.59%