Top stories

  • Senior bonds in focus for US new issue CLOs

    PGIM and Octagon have been active in the US CLO market on Monday and Tuesday this week, as new CLO formation is said to be building momentum despite the difficulty of attracting equity investors given the squeeze on returns at the bottom of the structure.

    • 25 Jul 2017

  • Nelnet prices SLABS as FFELP spreads grind tighter

    Student loan servicer Nelnet priced a Federal Family Education Loan Program (FFELP) securitization to new tights on Tuesday, reflecting strong demand for the bonds despite headwinds in the sector.

    • 25 Jul 2017
  • Price talk floated for rare Dutch mixed MBS offering

    Joint lead bookrunners HSBC and ABN Amro released price guidance on Tuesday for a rare Dutch MBS offering backed by buy-to-let and owner occupied residential mortgages, as well as loans on mixed use commercial properties.

    • 25 Jul 2017
  • CMBS market eyes more engineered retention solutions

    The US CMBS market is exploring different ways of complying with risk retention beyond the structures used to date, with new methods of dealing with the rule being seen among non-banks and in the single borrower market.

    • 24 Jul 2017
  • CMBS loses ground to portfolio lenders as US CRE debt grows

    In a mid-year outlook of the global structured finance markets, analysts from S&P Global Ratings pointed out the rise of private portfolio lenders in commercial real estate, at the expense of a struggling CMBS market.

    • 24 Jul 2017
  • Trading spikes in non-agency RMBS as market digests trustee case

    Trading in non-agency US RMBS was busy last week, with sellers outweighing buyers as the market grapples with the fallout from trustee Wells Fargo’s decision to hold on to investor cash in a handful of crisis-era deals last month.

    • 24 Jul 2017
  • NYC readies tax lien ABS

    The City Of New York is marketing a rare $68m tax lien transaction, as part of its annual run to the securitization market.

    • 24 Jul 2017
  • DRB marketing refi SLABS

    Darien Rowayton Bank (DRB) is in the market with a new student loan refinancing offering, Laurel Road Prime Student Loan Trust 2017-B.

    • 24 Jul 2017
  • Rare CMBS, credit card collateral surface in European ABS market

    Activity is dwindling in the European ABS market as the summer draws on, but investors still have opportunities to buy off the run deals with a rare Swiss franc denominated Austrian CMBS deal and a Spanish credit card deal being marketed this week.

    • 24 Jul 2017
  • BMO set to launch risk transfer securitization

    Bank of Montreal is set to launch a synthetic ABS deal this week, shifting the risk on a $1.5bn portfolio of US and Canadian large corporate loans, with several European banks also understood to be working on risk transfer deals over the summer.

    • 20 Jul 2017
  • US private label mortgage market stages comeback

    A decade after the shutdown of the US RMBS market, private label issuance is picking up steam again, with a growing number of both prime and non-prime lenders tapping hot capital markets for funding away from the government sponsored enterprises (GSEs).

    • 20 Jul 2017


The GlobalCapital View logo   Comment

  • OCC 'support' for fintech is great, but now what?

    Acting Comptroller of the Currency Keith Noreika’s support of granting national bank charters to fintech companies is positive for the industry, but until the OCC actually provides clear and specific guidelines, the banking charter for fintech firms is a pipe dream.

    • 25 Jul 2017

more comment

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 24 Jul 2017
1 Bank of America Merrill Lynch 57,945.74 181 12.35%
2 Citi 57,243.86 174 12.20%
3 Wells Fargo Securities 48,214.86 152 10.28%
4 JPMorgan 33,301.70 114 7.10%
5 Credit Suisse 25,010.27 80 5.33%

Latest awards

Comments? Questions? Tips?

Max Adams
Securitization Editor
+1 212 224-3293
max.adams@globalcapital.com

Sasha Padbidri
New York Reporter
+1 212 224-3206

sasha.padbidri@globalcapital.com

Graham Bippart

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


Subscriptions

Mark Goodes
+44 (0)207 779 8605
mark.goodes@globalcapital.com

George Williams
+44 (0)207 779 8274
george.williams@globalcapital.com

 

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) 4,755 19 11.75
2 Citi 4,288 14 10.60
3 Rabobank 2,633 4 6.51
4 Goldman Sachs 2,615 4 6.46
5 Barclays 2,603 8 6.43

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 24 Jul 2017
1 Bank of America Merrill Lynch 57,945.74 181 12.35%
2 Citi 57,243.86 174 12.20%
3 Wells Fargo Securities 48,214.86 152 10.28%
4 JPMorgan 33,301.70 114 7.10%
5 Credit Suisse 25,010.27 80 5.33%