Top stories

  • Obvion closes in on €4bn in RMBS

    Dutch lender Obvion has returned to its regular prime Dutch RMBS shelf for the second time this year, having also sold the world’s first green RMBS with “Green Storm” and one “Purple Storm” which securitized mortgages on parent bank Rabobank’s balance sheet.

    • 30 Aug 2016

  • RiverNorth fund, new SoFi deal light up MPL sector

    Investment manager RiverNorth Capital Management has received approval for a $1bn closed end fund that will invest in marketplace loan assets. Meanwhile, SoFi is readying the latest ABS offering from its unsecured consumer lending program.

    • 29 Aug 2016
  • CLO managers ramp up deal volume into fall

    CLO managers are beginning to ramp up issuance activity ahead of an expected market escalation in September, with three issuers bringing new offerings this week.

    • 26 Aug 2016
  • Clean energy issuers hit back on MBA fear tactics

    Residential Property Assessed Clean Energy (PACE) platforms have hit back against criticism from the mortgage industry, in a tussle over whether PACE loans will rank ahead of mortgages and could push borrowers to take on more debt. Some are seeing comments from the mortgage industry as an attempt to quash a competitor product, which has financed the rapid growth of solar installations in the US.

    • 25 Aug 2016
  • HPA prices its second SFR ABS transaction of the year

    Home Partners of America (HPA) priced its second single family rental (SFR) transaction of the year this week, bolstering what has otherwise been a quiet corner of the US securitization market in 2016.

    • 25 Aug 2016
  • 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 FAB Partners earlier this month.

    • 24 Aug 2016
  • NorthStar back with SLABS offering after four year hiatus

    NorthStar Education Finance (NEF) is looking to the securitization market for funding with a private student loan refinancing deal after a four year pause in issuance.

    • 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 Financial issues first BSL CLO

    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 funding shift

    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


The GlobalCapital View logo   Comment

  • Delinquents: Deep subprime autos threaten to once again discredit ABS

    It’s not just the level of delinquencies in subprime auto ABS — which in March hit a record high — that threatens to put the securitization industry back in the spotlight of public disapproval.

    • 30 Aug 2016
  • The Fed chair who yelled wolf

    Janet Yellen’s August 26 speech at the Jackson Hole Economic summit once again suggested the imminent arrival of rate hikes, but it’s an act which the market is beginning to tire of.

    • 30 Aug 2016

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Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 29 Aug 2016
1 Wells Fargo Securities 51,201.59 117 11.59%
2 Bank of America Merrill Lynch 47,123.00 125 10.66%
3 JPMorgan 41,124.82 116 9.31%
4 Citi 39,913.83 118 9.03%
5 Credit Suisse 34,125.12 92 7.72%

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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
+44 (0)207 779 8715
graham.bippart@globalcapital.com


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Mark Goodes
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George Williams
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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
  • 29 Aug 2016
1 Wells Fargo Securities 51,201.59 117 11.59%
2 Bank of America Merrill Lynch 47,123.00 125 10.66%
3 JPMorgan 41,124.82 116 9.31%
4 Citi 39,913.83 118 9.03%
5 Credit Suisse 34,125.12 92 7.72%