Top stories


  • UK ABS paper set to launch

    Skipton Building Society priced a £450m UK prime RMBS deal on Monday, and a new UK auto ABS deal is set to be priced tomorrow in a ‘selectively buoyant’ European ABS market.

    • 08 Feb 2016
  • HSBC latest bank to settle with DOJ

    HSBC has become the latest financial institution to reach an accord with the US Department of Justice (DOJ) over its role in the 2008 financial crisis.

    • 05 Feb 2016
  • Widening spreads, regulation weigh on Euro CLOs

    European CLO managers have expressed concern about the state of the European market, despite suggestions the market offers relative value compared to its US counterpart.

    • 04 Feb 2016
  • Renovate America opens up 2016 PACE pipeline

    Property Assessed Clean Energy (PACE) loan issuer Renovate America is marketing a second green bond PACE securitization after a successful debut in November 2015.

    • 04 Feb 2016
  • CIFC plans for growth in 2016

    CIFC made headlines last week when it announced that it had engaged JP Morgan to explore “a range of strategic alternatives” to its business model, but rumours of a definitive sale or merger with another manager are premature.

    • 03 Feb 2016
  • Credit Suisse staggers to full year loss

    Credit Suisse reported a loss of Sfr6.44bn for the fourth quarter of 2015, as the bank’s restructuring ramped up and it crammed exceptional items into last year’s numbers. Like Deutsche Bank in the third quarter, a chunky goodwill writedown was the main culprit. But the bank also suffered from its exposure to leveraged loans.

    • 04 Feb 2016
  • OneMain prices first ABS since Springleaf buy

    Subprime consumer lender OneMain Financial priced OMFIT 2016-1 on February 3, its first consumer loan ABS deal since Springleaf acquired the company from CitiFinancial Credit Company last November.

    • 01 Feb 2016
  • Wells Fargo settles mortgage suit

    Wells Fargo is the latest financial institution to settle a lawsuit with the US government, as the post-crisis litigation era draws to a close.

    • 03 Feb 2016
  • Italian ABS see flurry of NPL activity

    A private securitization platform has emerged in the Italian non-performing loan (NPL) space, with other issuers also launching deals ahead of a recently announced state guarantee being finalised.

    • 03 Feb 2016
  • VW pays double for largest post-crisis Spanish auto deal

    Volkswagen Financial Services' Driver España Three transaction was priced on Wednesday, with the issuer offering double the spread offered on the senior notes of the previous deal from its Spanish ABS programme.

    • 03 Feb 2016


The GlobalCapital View logo   Comment

  • The Brexit fight is on: look to the big issues

    Capital market participants tend to keep their heads below the political parapet. Brexit is one issue they must not ignore. It would sabotage the City’s leadership in financial services and be an assault on the fabric of global governance.

    • 02 Feb 2016

more comment

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 08 Feb 2016
1 JPMorgan 3,830.34 13 11.75%
2 Wells Fargo Securities 3,551.78 14 10.90%
3 Credit Suisse 2,873.80 9 8.82%
4 Bank of America Merrill Lynch 2,751.61 11 8.44%
5 Deutsche Bank 2,104.93 9 6.46%

Latest awards

  • 2015 US Securitization Awards: the winners

    On Wednesday June 10, GlobalCapital held its annual US Securitization Awards in New York, recognising the best banks, issuers, investors, law firms and deals in the market, as chosen by their clients and peers. Click through to see the list of winners.

    • 10 Jun 2015

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

 

European CLO

IssuerArrangerSize ($M)
Oaktree Capital ManagementCiti448.20
SankatyBarclays457.97
GSO Capital PartnersBAML449.87

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 08 Feb 2016
1 JPMorgan 3,830.34 13 11.75%
2 Wells Fargo Securities 3,551.78 14 10.90%
3 Credit Suisse 2,873.80 9 8.82%
4 Bank of America Merrill Lynch 2,751.61 11 8.44%
5 Deutsche Bank 2,104.93 9 6.46%

Financing Record (MBS)

IssuerPriceTotal Amount ($ Millions)
GEDFT 2015-1100.00475.00
GEDFT 2015-2100.00300.00
OMFIT 2015-1100.0072.90

Priced Deals

IssuerMaturitySize
Deutsche Pfandbriefbank04-Feb-19500
DekaBank01-Feb-181000
LBBW29-Jan-191250

Bookrunners of European Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Rabobank 983.12 1 15.34%
1 JPMorgan 983.12 1 15.34%
3 HSBC 614.94 2 9.59%
4 Citi 535.96 2 8.36%
5 Bank of America Merrill Lynch 479.64 2 7.48%