Top stories


  • Sponsor route for UK CLO managers still open, despite concerns

    Despite many UK-based CLO managers switching to the manager originator model for European risk retention in the immediate aftermath of the Brexit vote, many are returning to the sponsor route, with investors comfortable with either approach.

    • 16 Feb 2017
  • HGV preps first post-spinoff timeshare ABS

    Hilton Grand Vacations (HGV) is getting ready to market its first no-grow timeshare transaction, after completing its spin-off from Hilton Worldwide in January.

    • 16 Feb 2017
  • Top Republicans step up attacks on Fed policy, Yellen

    Emboldened Congressional Republicans ramped up attacks against the US Federal Reserve on Wednesday, taking aim at the central bank’s role in negotiating international financial rules and its bond purchase programmes. But chair Janet Yellen was defiant, and said the Fed would remain a part of the Basel negotiations.

    • 15 Feb 2017
  • Mariner launches inaugural consumer ABS offering

    Mariner Finance, a consumer finance company with 200 branches in the US, has launched a debut ABS offering backed by unsecured personal loans.

    • 15 Feb 2017
  • Crédit Ag lands RMBS debut

    Crédit Agricole priced its debut public French RMBS deal on Wednesday, after the bank reported full year results clearing the path for the deal.

    • 15 Feb 2017
  • AmEx makes ABS return with oversubscribed deal

    Strong fundamentals and a rally in ABS spreads led bankers to increase the size of a credit card ABS transaction from American Express on Monday.

    • 14 Feb 2017
  • CRT outperforming other RMBS

    Fannie Mae and Freddie Mac's credit risk transfer (CRT) programmes have outperformed other non-agency RMBS, with the first loss pieces of recent deals yielding 5% on average in January, according to JP Morgan research.

    • 14 Feb 2017
  • More value in older CLOs, says TwentyFour AM

    With primary European CLO spreads hitting some of their tightest levels since the financial crisis, better value could be found in more seasoned deals coming up for refinancing, said TwentyFour Asset Management on Monday.

    • 14 Feb 2017
  • With retail in trouble, Deutsche Bank says short CMBS

    Deutsche Bank is telling investors that it may be time to place bets against the CMBS market, as mounting problems in the retail sector threaten the health of some post-crisis bonds heavily exposed to lower quality retail properties.

    • 13 Feb 2017
  • Renovate America, Greenworks partner for commercial PACE financing

    Residential Property Assessed Clean Energy (PACE) platform Renovate America is teaming up with commercial PACE finance firm Greenworks Lending to expand in commercial PACE lending.

    • 13 Feb 2017


The GlobalCapital View logo   Comment

  • RMBS market must play fair as looser regs beckon

    A spate of mortgage securities issuance has been welcomed with enthusiasm among RMBS investors lamenting the state of the sector post-crisis, but in order to keep investors’ trust, issuers need to stick to practices that are beyond reproach, especially as the possibility of regulatory easing looms large.

    • 14 Feb 2017

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Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 13 Feb 2017
1 Bank of America Merrill Lynch 5,438.32 17 10.24%
2 Citi 5,386.46 22 10.14%
3 Wells Fargo Securities 5,182.26 18 9.76%
4 JPMorgan 4,381.70 14 8.25%
5 Credit Suisse 3,105.53 9 5.85%

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Max Adams
Securitization Editor
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Sasha Padbidri
New York Reporter
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sasha.padbidri@globalcapital.com

Graham Bippart

European Securitization and Fixed Income Editor
+44 (0)207 779 8715
graham.bippart@globalcapital.com


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Mark Goodes
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George Williams
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george.williams@globalcapital.com

 

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Share % by Volume
1 Societe Generale 24.70
2 Rabobank 23.18
3 Morgan Stanley 11.45
4 Credit Agricole 8.72
5 BNP Paribas 7.31

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 13 Feb 2017
1 Bank of America Merrill Lynch 5,438.32 17 10.24%
2 Citi 5,386.46 22 10.14%
3 Wells Fargo Securities 5,182.26 18 9.76%
4 JPMorgan 4,381.70 14 8.25%
5 Credit Suisse 3,105.53 9 5.85%