Top stories

  • Arcadia brings prime Lending Club ABS to market

    Arcadia Funds hit the ABS market this week with a rated debut transaction via Jefferies backed by prime loans originated by Lending Club, which sources say will be closely watched by the market.

    • 23 Feb 2017

  • Investors warming to "non-traditional" RMBS

    After issuers brought a wave of RMBS deals beyond agency and prime jumbo offerings in 2016, sources say they are expecting "non-traditional" mortgage collateral to drive volume in 2017.

    • 23 Feb 2017
  • Non-banks eye opportunities in Irish, Dutch BTL

    With prudential regulators looking to take the heat out of the UK’s buy-to-let market, and the non-bank segment already crowded, some alternative lenders such as private equity firms are targeting opportunities in nascent markets in Ireland and the Netherlands. David Bell reports.

    • 23 Feb 2017
  • PCS looks to boost synthetic securitization with new quality label

    With policymakers discussing the possible extension of “simple, transparent and standardised” securitization to synthetic transactions, a push is underway to promote the quality and importance of the asset class.

    • 23 Feb 2017
  • Non-bank UK RMBS draws strong demand

    A shortage of supply is driving strong demand for UK RMBS transactions, with deals backed by well seasoned mortgages as well as newly originated assets both attracting heavy levels of interest this week.

    • 23 Feb 2017
  • TGI Friday’s dishes out whole business ABS

    TGIF Funding is out with guidance for a debut whole business securitization, which sources say could revive activity in the esoteric sub-sector after a lull in 2016.

    • 22 Feb 2017
  • Market watchers eye Trumpflation of Treasuries, mortgage rates

    A spike in 10 year US Treasury yields has pushed up mortgage rates and curtailed new mortgage production in 2017, but a slowdown in the trend has observers questioning the direction of the Treasury and mortgage markets under President Donald Trump.

    • 22 Feb 2017
  • VW to sell residual value risk in new UK auto ABS deal

    Volkswagen Financial Services is preparing to launch its fifth UK auto ABS deal backed predominantly by personal contract purchases, which contain residual value risk.

    • 22 Feb 2017
  • CLOs tests longer reinvestment periods with mixed reception

    As US CLO managers explore ways to boost returns on new deals, longer reinvestment periods could be introduced to appease equity buyers, though debt investors may not accept the trend quietly.

    • 21 Feb 2017
  • Kabbage preps small business loan deal

    Online small business lender Kabbage is marketing a $500m securitization of loans to small and medium sized businesses that will be used to refinance an existing deal from 2014.

    • 21 Feb 2017
  • 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


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Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 20 Feb 2017
1 Bank of America Merrill Lynch 8,769.59 26 12.43%
2 Wells Fargo Securities 8,159.79 28 11.56%
3 Citi 5,573.44 23 7.90%
4 JPMorgan 4,735.14 16 6.71%
5 Morgan Stanley 3,725.45 12 5.28%

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Max Adams
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Graham Bippart

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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
  • 20 Feb 2017
1 Bank of America Merrill Lynch 8,769.59 26 12.43%
2 Wells Fargo Securities 8,159.79 28 11.56%
3 Citi 5,573.44 23 7.90%
4 JPMorgan 4,735.14 16 6.71%
5 Morgan Stanley 3,725.45 12 5.28%