Securitization

Top stories


  • Morgan Stanley latest in flurry of RMBS settlements

    Morgan Stanley has joined a growing list of US and international banks that have recently settled with the US government to end investigations into its mortgage sales and trading practices leading up to the financial crisis.

    • 11 Feb 2016
  • Busy secondary market holds back CLO primary issuance

    The dearth of primary market CLO issuance so far in 2016 is being driven partly by a wave of activity in the secondary market, said investors this week.

    • 11 Feb 2016
  • Fragmentation still the key concern on STS

    Market participants remain split on the likely effectiveness of the European Commission’s simple, transparent and standardised (STS) securitization proposals, with the potential for fragmented interpretation still seen as a key potential stumbling block for the plan.

    • 11 Feb 2016
  • More UK RMBS swells pipeline

    Two UK RMBS deals have joined the European ABS pipeline, with Nationwide mandating leads for a new deal from its Silverstone master trust, and Kensington Mortgage Company announcing a £790.5m securitization of UK mortgages purchased from GE Money.

    • 11 Feb 2016
  • STS impact on Spanish ABS would be limited, say conference goers

    The simple, transparent and standardised securitization framework will likely have a limited impact on the Spanish ABS market, but greater focus on capital relief could yield results, said panellists at AFME’s Spanish Funding Conference, held in Madrid on Thursday.

    • 11 Feb 2016
  • Fannie Mae prices first CAS deal of 2016

    Fannie Mae has priced CAS 2016-C01, the government sponsored enterprises’ first credit risk transfer deal of 2016.

    • 10 Feb 2016
  • BlackRock debuts its Euro CLO on second try

    BlackRock has sold its debut European CLO, after starting marketing for the transaction late last year, but holding off launching it because of tough market conditions.

    • 10 Feb 2016
  • More insurance buyers to turn to CLOs

    More insurance companies may soon turn their attention to the CLO market, according to one of the world’s largest insurance company asset managers.

    • 10 Feb 2016
  • Ex-RBS syndicate banker joins Wells

    A syndicate banker who left RBS in October last year started at Wells Fargo this week.

    • 10 Feb 2016
  • Ranger Capital reopens direct lending fund

    Dallas-based Ranger Capital has reopened its Ranger Specialty Income Fund (RSIF) to new investors after a year-long pause in fundraising.

    • 10 Feb 2016


The GlobalCapital View logo   Comment

  • The Brexit fight is on: look to the big issues

    Capital market participants tend to keep their heads below the political parapet. Brexit is one issue they must not ignore. It would sabotage the City’s leadership in financial services and be an assault on the fabric of global governance.

    • 02 Feb 2016

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Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 08 Feb 2016
1 JPMorgan 3,830.34 13 11.75%
2 Wells Fargo Securities 3,551.78 14 10.90%
3 Credit Suisse 2,873.80 9 8.82%
4 Bank of America Merrill Lynch 2,751.61 11 8.44%
5 Deutsche Bank 2,104.93 9 6.46%

Latest awards

  • 2015 US Securitization Awards: the winners

    On Wednesday June 10, GlobalCapital held its annual US Securitization Awards in New York, recognising the best banks, issuers, investors, law firms and deals in the market, as chosen by their clients and peers. Click through to see the list of winners.

    • 10 Jun 2015

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


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

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

 

European CLO

IssuerArrangerSize ($M)
BlackRock Investment Management Credit Suisse462.20
Oaktree Capital ManagementCiti448.20
SankatyBarclays457.97

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 08 Feb 2016
1 JPMorgan 3,830.34 13 11.75%
2 Wells Fargo Securities 3,551.78 14 10.90%
3 Credit Suisse 2,873.80 9 8.82%
4 Bank of America Merrill Lynch 2,751.61 11 8.44%
5 Deutsche Bank 2,104.93 9 6.46%

Financing Record (MBS)

IssuerPriceTotal Amount ($ Millions)
GEDFT 2015-1100.00475.00
GEDFT 2015-2100.00300.00
OMFIT 2015-1100.0072.90

Priced Deals

IssuerMaturitySize
Goldman Sachs12-Feb-311000
Goldman Sachs10-May-191500
Deutsche Pfandbriefbank04-Feb-19500

Bookrunners of European Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 09 Feb 2016
1 Rabobank 983.12 1 15.34%
1 JPMorgan 983.12 1 15.34%
3 HSBC 614.94 2 9.59%
4 Citi 535.96 2 8.36%
5 Bank of America Merrill Lynch 479.64 2 7.48%