Top stories

  • CLO managers ramp up deal volume into fall

    CLO managers are beginning to ramp up issuance activity ahead of an expected market escalation in September, with three issuers bringing new offerings this week.

    • 26 Aug 2016

  • Clean energy issuers hit back on MBA fear tactics

    Residential Property Assessed Clean Energy (PACE) platforms have hit back against criticism from the mortgage industry, in a tussle over whether PACE loans will rank ahead of mortgages and could push borrowers to take on more debt. Some are seeing comments from the mortgage industry as an attempt to quash a competitor product, which has financed the rapid growth of solar installations in the US.

    • 25 Aug 2016
  • HPA prices its second SFR ABS transaction of the year

    Home Partners of America (HPA) priced its second single family rental (SFR) transaction of the year this week, bolstering what has otherwise been a quiet corner of the US securitization market in 2016.

    • 25 Aug 2016
  • CIFC to make primary market comeback in September

    CLO manager CIFC is eyeing a September return to the new issue market after sitting on the sidelines to date in 2016, following its acquisition by FAB Partners earlier this month.

    • 24 Aug 2016
  • NorthStar back with SLABS offering after four year hiatus

    NorthStar Education Finance (NEF) is looking to the securitization market for funding with a private student loan refinancing deal after a four year pause in issuance.

    • 24 Aug 2016
  • Chenavari flags single-B tranches as cheap

    Chenavari Credit Partners has said that European CLO single-B tranches appear "especially attractive" in the primary market, with issuance spreads at an average of 75bp over secondary during July.

    • 24 Aug 2016
  • NewStar Financial issues first BSL CLO

    NewStar Financial has issued its first ever broadly syndicated loan (BSL) CLO, the first offering from its newly created Arch Street CLO series, after marketing to investors in both the US and Europe.

    • 23 Aug 2016
  • Tumultuous quarter takes chunk out of Prosper earnings

    Prosper Marketplace is the latest in a string of online lending platforms to report a big decline in second quarter earnings, as the California-based lender reeled from chaos in the sector and heavy workforce restructuring costs.

    • 23 Aug 2016
  • Gagfah repays €2bn CMBS in funding shift

    The senior loans backing German Residential Funding 2013-1 have been repaid, in a move that will hand back nearly €2bn to CMBS investors who bought the deal, with no replacement deal likely.

    • 23 Aug 2016
  • CIFC reaches deal to be acquired by F.A.B. Partners

    US corporate credit manager CIFC reached a deal to be acquired this month by Jersey-based investment management firm F.A.B. Partners.

    • 22 Aug 2016
  • MBA challenges FHA’s PACE guidance

    The Mortgage Brokers Association (MBA) has rallied with ten other trade associations against the Department of Housing and Urban Development's (HUD) guidance recognizing residential Property Assessed Clean Energy (PACE) liens as senior to residential first mortgage liens.

    • 22 Aug 2016


The GlobalCapital View logo   Comment

  • GSE reform is a philosophical posture, not a policy

    There's no true political will to end the dominance of Freddie Mac and Fannie Mae in RMBS. The talk in Washington of restoring the private label RMBS market is driven more by a philosophical push against smaller government than by a coherent plan for change, or a willingness to face the trade-offs it requires.

    • 16 Aug 2016
  • The first mover advantage in NPL securitization

    Investors in non-performing loan securitizations are a rare find, so issuers which can move early might be better placed to grab some of the limited capital available.

    • 16 Aug 2016

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Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 29 Aug 2016
1 Wells Fargo Securities 51,201.59 117 11.59%
2 Bank of America Merrill Lynch 47,123.00 125 10.66%
3 JPMorgan 41,124.82 116 9.31%
4 Citi 39,913.83 118 9.03%
5 Credit Suisse 34,125.12 92 7.72%

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Max Adams
Securitization Editor
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Sasha Padbidri
New York Reporter
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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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New! 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) 6,041 15 12.27
2 Citi 5,505 15 11.18
3 Credit Suisse 4,439 8 9.01
4 Lloyds Bank 3,788 10 7.69
5 Deutsche Bank 3,293 8 6.69

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 29 Aug 2016
1 Wells Fargo Securities 51,201.59 117 11.59%
2 Bank of America Merrill Lynch 47,123.00 125 10.66%
3 JPMorgan 41,124.82 116 9.31%
4 Citi 39,913.83 118 9.03%
5 Credit Suisse 34,125.12 92 7.72%