Top stories

  • Bumper Blackstone hotel deal checks into CMBS market

    A $1.4bn single borrower CMBS deal hit the market on Wednesday, as the pipeline for single asset/single borrower deal bulges with floating rate borrowers keen to refinance deals ahead of further rate hikes.

    • 19 Jul 2017

  • National Collegiate legal fiasco spells trouble for ABS

    Beyond recent headlines around missing paperwork on $5bn worth of delinquent private student loans, ongoing legal tussles between several National Collegiate Student Loan Trust (NCSLT) transaction parties do not bode well for at least 15 outstanding ABS.

    • 19 Jul 2017
  • Barclays makes PACE debut as ABS underwriter

    Barclays is hopping on the Property Assessed Clean Energy (PACE) bandwagon, acting as an underwriter for Renovate America’s latest residential PACE deal.

    • 19 Jul 2017
  • Private SME CLOs offered to European investors

    CLO market sources say direct lending to European SMEs is growing quickly, with some lenders now approaching investors to gauge their interest in investing in private SME CLOs.

    • 19 Jul 2017
  • Dutch consumer ABS marketing

    A Dutch consumer ABS deal is being marketed to investors this week, expanding the range of Dutch collateral on offer this year following the sale of several mortgage and auto deals.

    • 19 Jul 2017
  • CPS gets strong pricing for subprime auto ABS

    Consumer Portfolio Services (CPS) achieved a new tight for the pricing of its third subprime auto ABS deal of the year, reflecting continued strong demand for the bonds despite headline risks in the sector.

    • 18 Jul 2017
  • Legacy CMBS investors suffer heavy losses

    Pre-crisis CMBS loans were in the spotlight this week, after a raft of property liquidations in three deals wiped out $410m of bonds, while Fitch reported that delinquencies jumped in June by the highest amount for six years.

    • 18 Jul 2017
  • RNHB markets mixed MBS transaction

    A Dutch buy-to-let RMBS offering from RNHB, which is expected to be priced next week, is piquing the interest of investors with commercial real estate exposure on top of the residential collateral pooled in the deal.

    • 18 Jul 2017
  • Summer pipeline stays active for European CLOs

    The European CLO primary market is going strong as the market heads into late summer, with a slew of deals sold over the last week and buyers eyeing more to come.

    • 18 Jul 2017
  • Insurance companies swoop on junior CLO debt as fast money holds off

    Long term investors such as insurance companies and pension funds are buying more mezzanine and junior CLO debt as spreads compress. Meanwhile, asset managers and hedge funds appear to be taking more defensive positions in what they say has become a rich market.

    • 17 Jul 2017
  • Trinity on track with first rail car ABS deal of 2017

    Trinity Industries is bringing a rare rail car lease offering from its TRIP shelf after a three year break from the ABS market.

    • 17 Jul 2017


The GlobalCapital View logo   Comment

  • Loss of London will make Europe less attractive

    The loss of London as a cohesive financial centre would probably lead to a splintered European financial market, which would be a blow to the continent’s attractiveness for global financial firms.

    • 11 Jul 2017

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Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 Jul 2017
1 Bank of America Merrill Lynch 57,210.26 177 12.39%
2 Citi 56,957.04 171 12.34%
3 Wells Fargo Securities 47,551.45 149 10.30%
4 JPMorgan 32,965.91 111 7.14%
5 Credit Suisse 23,990.96 75 5.20%

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Max Adams
Securitization Editor
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New York Reporter
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Graham Bippart

European Securitization and Fixed Income Editor
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graham.bippart@globalcapital.com


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Mark Goodes
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George Williams
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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) 4,628 18 11.81
2 Citi 4,288 14 10.95
3 Rabobank 2,633 4 6.72
4 Goldman Sachs 2,615 4 6.67
5 Barclays 2,603 8 6.64

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 Jul 2017
1 Bank of America Merrill Lynch 57,210.26 177 12.39%
2 Citi 56,957.04 171 12.34%
3 Wells Fargo Securities 47,551.45 149 10.30%
4 JPMorgan 32,965.91 111 7.14%
5 Credit Suisse 23,990.96 75 5.20%