Top stories

  • Strong bid for Santander auto ABS

    Santander Consumer USA priced its latest Drive subprime auto ABS offering at tight spreads on Wednesday, brushing aside some of the negative headlines around its lending practices and the declining performance of subprime car loans.

    • 21 Jun 2017

  • GM Building single asset CMBS launched

    A $1.35bn single asset CMBS transaction backed by the iconic GM Building in Manhattan came to market on Wednesday.

    • 21 Jun 2017
  • Standards slipping in US non-prime mortgage lending, says Moody’s

    Representations and warranties and enforcement frameworks have been weak in non-prime US residential mortgage-backed securities, said Moody’s this week, in contrast to recent prime jumbo transactions.

    • 21 Jun 2017
  • Demand drives Mercedes deal to new post-crisis tight

    Mercedes-Benz Bank priced its latest auto ABS offering this week, Silver Arrow 8, with the deal notching yet another record for post-crisis spreads.

    • 21 Jun 2017
  • UK RMBS buyers hungry for Optimum second lien offering

    UK RMBS investors are eagerly eyeing a debut securitization from Optimum Credit, Castell 2017-1 PLC, which is backed wholly by second lien mortgages.

    • 21 Jun 2017
  • Textainer prices new deal amid container ABS revival

    The container lease ABS market continued to pump out new supply this week, with Textainer Marine Containers hitting the market for the second time this year and market players forecasting strong container trade growth over the next two years.

    • 20 Jun 2017
  • Insurer AIG steps into US mortgage bond market

    American International Group (AIG) has launched a debut prime jumbo RMBS deal backed by collateral described by Fitch Ratings as among the strongest seen since the financial crisis.

    • 20 Jun 2017
  • STS implementation to be deferred to 2019

    The application date for the ‘simple, transparent and standardised’ (STS) framework for European securitization and amendments to the capital requirements ratio (CRR) rules will be deferred until January 2019, according to sources close to the final trialogue discussions, which concluded earlier this month.

    • 20 Jun 2017
  • Marlette latest to price in wave of MPL ABS

    Marketplace loan originator Marlette Funding this week priced its latest securitization on the heels of last week's breakout deals from Lending Club and Upstart.

    • 19 Jun 2017
  • Shopping mall CMBS set for strong reception despite retail sector woes

    CMBS issuers are set to flood the primary pipeline with new offerings, including single asset deals backed by retail properties, in a sign that investors have yet to cool to the sector despite a stream of negative headlines around bricks and mortar retail.

    • 19 Jun 2017
  • EU summer ABS pipeline fills up

    The European ABS pipeline is full to bursting as summer gets underway, with a range of issuers looking to take advantage of tightening spreads and rampant investor demand.

    • 19 Jun 2017


The GlobalCapital View logo   Comment

  • Gloomy Carney address could portend TFS extension

    Bank of England governor Mark Carney’s caution on the UK economy in his Mansion House speech on Tuesday could be an early warning for the UK RMBS market that the Term Funding Scheme (TFS) won't end soon, an unwelcome development for supply starved investors.

    • 20 Jun 2017

more comment

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 12 Jun 2017
1 Citi 46,714.29 133 12.73%
2 Bank of America Merrill Lynch 43,017.27 121 11.73%
3 Wells Fargo Securities 36,865.83 105 10.05%
4 JPMorgan 25,897.27 79 7.06%
5 Credit Suisse 19,055.29 50 5.19%

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) 3,865 12 12.28
2 Citi 2,800 7 8.90
3 Goldman Sachs 2,615 4 8.31
4 Credit Agricole 2,254 6 7.16
5 Barclays 2,006 6 6.38

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 12 Jun 2017
1 Citi 46,714.29 133 12.73%
2 Bank of America Merrill Lynch 43,017.27 121 11.73%
3 Wells Fargo Securities 36,865.83 105 10.05%
4 JPMorgan 25,897.27 79 7.06%
5 Credit Suisse 19,055.29 50 5.19%