British supermarket group Sainsbury's Eddystone Finance and Longstone Finance innovative CMBS transactions utilized an operation company/ property company structure where on the closing date, March 2006, the borrower acquired from J Sainsbury and other companies of the Sainsbury's group the properties and used rental payments to meet the payment obligations under the loans. The transactions totalled a sizeable £2.6 billion ($5.2 billion) of securities backed by commercial mortgage loans on 127 supermarket properties in the U.K. Arrangers on the deal were Morgan Stanley and UBS Investment Bank.
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Most Viewed: Securitization
|Rank||Lead Manager/Arranger||Total Volume $m||No. of Deals||Share % by Volume|
|1||Bank of America Merrill Lynch (BAML)||4,755||19||11.75|
Bookrunners of Global Structured Finance
|Rank||Lead Manager||Amount $m||No of issues||Share %|
|1||Bank of America Merrill Lynch||57,945.74||181||12.35%|
|3||Wells Fargo Securities||48,214.86||152||10.28%|