German Tax Reform To Hit CMBS Prepayment And Restructuring Levels

Commercial mortgage-backed deals issued in 2008 and 2009 will likely suffer from higher prepayment or restructuring activity in the German market thanks to German tax reform effective next year.

  • 15 Aug 2007

-- Daniel Flatt

Commercial mortgage-backed deals issued in 2008 and 2009 will likely suffer from higher prepayment or restructuring activity in the German market thanks to German tax reform effective next year. Moody’s Investors Service expectsthatthe corporate tax reform recently approved by the German Parliament will lead ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Share % by Volume
1 Societe Generale 41.30
2 Rabobank 35.35
3 Morgan Stanley 11.45
4 BNP Paribas 5.95
4 Credit Agricole 5.95

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 23 Jan 2017
1 CITIC Securities 1,560.67 2 10.70%
2 SG Corporate & Investment Banking 1,445.74 4 9.92%
3 Wells Fargo Securities 1,187.61 3 8.15%
4 Rabobank 1,081.86 1 7.42%
5 Bank of America Merrill Lynch 831.08 4 5.70%