Top stories

  • 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 F.A.B. Partners earlier this month.

    • 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 issues first BSL CLO after transatlantic marketing period

    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 shift to unsecured finance

    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
  • ABS markets await Friday Fed guidance

    ABS market participants this week are awaiting word on the direction of interest rate policy, as US Federal Reserve chair Janet Yellen is expected to give guidance on the path forward at the Jackson Hole Economic Policy Symposium on Friday.

    • 22 Aug 2016
  • Santander overhauls Bilkreditt to dodge negative coupon

    Santander Consumer Bank has overhauled its Bilkreditt 6 ABS, backed by Norwegian auto loans, to avoid the risk that its coupon turns negative.

    • 22 Aug 2016
  • Pimco fund takes control of DB non-core mortgage book

    A Pimco-controlled fund has been appointed operating adviser on a £400m book of UK mortgages, securitized earlier this year by Deutsche Bank’s non-core division.

    • 22 Aug 2016
  • ABS investors riled by lack of dealer support

    Declining primary supply, an increase in buy-and-hold investors and the retreat of dealers has turned the European securitization secondary market into a difficult, illiquid place to trade. But investors are becoming increasingly frustrated even with the dealers that remain in the business.

    • 18 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
  • 22 Aug 2016
1 Wells Fargo Securities 51,136.39 115 11.70%
2 Bank of America Merrill Lynch 46,953.52 122 10.74%
3 JPMorgan 40,982.00 113 9.38%
4 Citi 37,850.04 110 8.66%
5 Credit Suisse 34,059.92 90 7.79%

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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

 

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
  • 22 Aug 2016
1 Wells Fargo Securities 51,136.39 115 11.70%
2 Bank of America Merrill Lynch 46,953.52 122 10.74%
3 JPMorgan 40,982.00 113 9.38%
4 Citi 37,850.04 110 8.66%
5 Credit Suisse 34,059.92 90 7.79%