Latest News

  • Obvion hits post-crisis tight in Dutch RMBS

    Obvion priced its €2bn Storm 2017-1 RMBS at a record low spread for for five year Dutch RMBS paper since the financial crisis, and the lender has said it will continue to look to build on its range of RMBS transactions.

    • 16 Jan 2017
  • Euro CLO refi activity chugs on amid primary pause

    Carlyle released price guidance for the refinancing of its Carlyle Global Market Strategies Euro CLO 2014-2 on Monday, as the primary CLO pipeline takes a back seat to a wave of refinancing deals.

    • 16 Jan 2017
  • US mortgage applications decline year over year

    The latest figures from the Mortgage Bankers Association show a small increase in mortgage applications during the first week of January, but year over year volume is down sharply.

    • 13 Jan 2017
  • MPL issuance on hold as market navigates regs, Trump transition

    The outlook for marketplace lending securitization issuance in 2017 is hazy, as lenders navigate new regulatory terrain and prepare their businesses for operating under a Donald Trump presidency.

    • 12 Jan 2017
  • Investors piling into Europe’s ‘bullish’ RMBS market

    The European ABS market is riding a wave of what market participants describe as “mass bullishness” that is encouraging opportunistic sellers to securitize legacy assets, some of which date back to before the credit crisis. David Bell reports.

    • 12 Jan 2017
  • Pharma back in focus for CLOs after Trump comments

    The pharmaceuticals industry is back under the microscope of US CLO players after comments on drug pricing from president-elect Donald Trump hinted at a tougher environment for drug makers under a Trump presidency.

    • 12 Jan 2017
  • Don’t put down America’s post-crisis watchdog

    The latest round of Republican calls in the US for president-elect Donald Trump to fire the Consumer Protection Financial Bureau (CFPB) head Richard Cordray and roll back the agency’s influence is a real threat to American consumers.

    • 12 Jan 2017
  • Non-conforming Scandinavian lender eyes capital markets

    Swedish lender Bluestep Bank is said to be considering a new non-conforming RMBS deal, with the lender expected to host an investor day this month.

    • 12 Jan 2017
  • Private auto deals dominate sparse ABS pipeline

    Hyundai Capital America and Consumer Portfolio Services (CPS) each priced private, 144A offerings on Tuesday, while a public deal from Ford is slated to enter the market in the coming week in what has been an otherwise slow start to 2017 primary issuance.

    • 11 Jan 2017
  • Leveraged loan prices blocking new CLO pipeline

    The US CLO market is off to a slow start and managers are expecting more of the same through the first quarter of the year, as tightening in the leveraged loans market puts pressure on the economics of issuing new deals.

    • 11 Jan 2017
  • ABI, Cerved say Italian bad loan growth slowed in 2016

    A report from the Italian banking association ABI and credit management company Cerved said on Wednesday that growth in bad Italian business loans slowed in 2016, although the southern region showed no sign of improvement.

    • 11 Jan 2017
  • Morgan Stanley to securitize legacy loans from former Lehmans lender

    Morgan Stanley is preparing a securitization of legacy assets originated by Lehman Brothers’ former Dutch mortgage lending unit.

    • 11 Jan 2017
  • Tricky trades find smooth execution in super start for FIG

    Extraordinarily strong issuance conditions in the euro and sterling markets have bred a rush of new supply in the second week of 2017, allowing rarer names to price trickier deals across a broad range of asset classes.

    • 11 Jan 2017
  • Consumer ABS market awaits outcome of latest CFPB fight

    The latest call from Republican senators Ben Sasse and Mike Lee for the incoming president to dismiss Consumer Protection Financial Bureau (CFPB) head Richard Cordray is being closely watched by ABS players.

    • 10 Jan 2017
  • Agency CRT deals set for structural changes in 2017

    Fannie Mae and Freddie Mac are set to change the structure of their credit risk transfer (CRT) programmes, looking to entice more investors and offer more attractive yields in the coming year.

    • 10 Jan 2017
  • HUD premium cut is political posturing

    The move by the US Housing and Urban Development (HUD) secretary Julian Castro to reduce mortgage insurance premiums is a politically motivated one designed to pressure the incoming Trump administration. As such it brings the agency into the political arena at a time when non-partisanship should be the goal of one of the foremost housing authorities in the US.

    • 10 Jan 2017
  • Europe’s ‘versatile’ ABS market draws debate

    Analysts warned this week of securitization’s drift into a private, bilateral and less visible type of market at the expense of the public market, despite last year's primary pipeline churning out the highest volume of publicly syndicated bonds since 2011.

    • 10 Jan 2017
  • Ignorance on climate is still rife

    Everyone in debt capital markets has heard of green bonds, and most in the financial world accept that sustainability and greenness are Good Things. But for all the grand commitments and PR initiatives, understanding of the issues is still as hazy as a Beijing smog.

    • 10 Jan 2017
  • CPS deal revives subprime auto pipeline

    Subprime auto lender Consumer Portfolio Services (CPS) is in the post-holiday market with a $206.32m subprime auto loan securitization, kicking things off for the sector in 2017.

    • 09 Jan 2017
  • Redwood kicks off 2017 RMBS calendar

    Redwood Mortgage sold the first prime jumbo RMBS transaction of the year on Wednesday, pricing a $339.5m deal from its Sequoia Mortgage Trust series.

    • 09 Jan 2017
  • Mortgage banking industry divided on FHA premium cut

    The decision by departing Housing and Urban Development (HUD) director Julian Castro to cut the Federal Housing Administration (FHA) mortgage insurance premiums by 25bp has been met with a mixed response from the mortgage finance industry.

    • 09 Jan 2017
  • EIF inks €360m Italian SME loan guarantee scheme

    The European Investment Fund (EIF) has signed an agreement with six regional Italian credit institutions to guarantee €360m of loans to Italian small and medium enterprises (SMEs) over the next three years.

    • 09 Jan 2017
  • Obvion kicks off Storm RMBS programme for 2017

    Obvion, the most active issuer in the Dutch RMBS market last year, will kick off the market in 2017 with a new prime transaction from its Storm shelf.

    • 09 Jan 2017
  • Synthetic ABS's comeback is an organic development

    With pressure on banks to tighten their belts and deleverage balance sheets, in 2017 synthetic securitization could become a much bigger part of the bank treasurer’s toolkit.

    • 05 Jan 2017
  • Hyundai lease deal opens US consumer ABS market

    Hyundai is in the market with a $931.49m auto lease securitization, kicking things off for the primary consumer ABS market in 2017.

    • 05 Jan 2017

More Securitization

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Share % by Volume
1 Citi 10.72
2 Bank of America Merrill Lynch (BAML) 10.66
3 Credit Suisse 6.45
4 Lloyds Bank 6.42
5 JP Morgan 6.35

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 16 Jan 2017
1 SG Corporate & Investment Banking 1,260.06 2 126,006,164,037.19%
2 Rabobank 1,081.86 1 108,185,922,974.77%
3 Wells Fargo Securities 430.57 1 43,057,020,785.00%
4 SK Securities 192.86 1 19,286,162,593.99%
4 Meritz Financial Group Inc 192.86 1 19,286,162,593.99%