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 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 %
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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%