Lehman Sees AAA U.K. RMBS As Sweet Spot For Investors

Investors should snap up European AAA prime residential mortgage-backed securities, particularly from the U.K., say analysts at Lehman Brothers.

  • 28 Aug 2007

-- Daniel Flatt

Investors have been advised to snap up European AAA prime residential mortgage-backed securities, particularly from the U.K. At a spread of 40-60 basis points, the carry alone is attractive and offers some spread protection against long-term spread widening, say analysts at Lehman Brothers. “Within this space, ...

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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) 6,665 23 13.02
2 Citi 5,781 17 11.29
3 BNP Paribas 3,530 14 6.89
4 Barclays 2,853 9 5.57
5 Credit Suisse 2,783 8 5.44

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 99,251.11 279 13.15%
2 Bank of America Merrill Lynch 90,895.27 265 12.04%
3 Wells Fargo Securities 72,661.39 222 9.63%
4 JPMorgan 52,367.24 169 6.94%
5 Credit Suisse 41,885.89 127 5.55%