Top stories


  • CFPB flags mounting student loan debt for older borrowers

    The Consumer Financial Protection Bureau (CFPB) this month highlighted the rise in student loan debt for consumers over the age of 60, while the percentage of borrowers with at least $20,000 has doubled from 15 years ago to 40%.

    • 21 Aug 2017
  • US ABS primary slows but secondary sees action

    The US ABS market is putting the brakes on as August winds down, but while the primary market quiets, observers say investors are stepping into the secondary market to look for opportunities.

    • 21 Aug 2017
  • UBS prices latest conduit CMBS as market pushes through summer

    UBS priced a conduit CMBS transaction at the end of last week, as the US CMBS sector barrels through the tail end of summer into what is predicted to be a very busy quarter end.

    • 21 Aug 2017
  • German issuer closes private SME ABS with EIF

    An ABS transaction backed by leases made to small and medium sized enterprises (SMEs) originated by abcfinance GMBH closed at the end of last week, with the European Investment Fund participating in the offering.

    • 21 Aug 2017
  • True sale confusion could put brakes on CMBS

    A clash over the accounting treatment of risk retention notes has thrown the US CMBS market into flux, with uncertainty over the issue throwing into question the capital treatment and profitability of certain CMBS deals issued since the rule went into effect last year. David Bell reports.

    • 17 Aug 2017
  • Aircraft ABS opportunities lacking as issuers eye other sources of funds

    Investors looking to wade deeper into aircraft ABS have bemoaned insufficient deal flow, while the pipeline slows to a trickle as issuers begin to look beyond securitization for funding.

    • 17 Aug 2017
  • Fitch puts bonds from retail heavy CMBS deal on watch for downgrade

    Fitch Ratings put two classes of a 2012 CMBS deal from Deutsche Bank on rating watch negative on Thursday, citing heavy concentration of retail property loans and increased loss expectations for some of the largest loans in the deal.

    • 17 Aug 2017
  • Widening loan spreads drive hope for new euro CLOs

    Fresh supply of European leveraged loans has led to softening prices, creating opportunities for CLO managers to form new deals and bringing new investors, including Japanese buyers, into the market.

    • 17 Aug 2017
  • Eurobank nears landmark Greek NPL sale

    Final bids are due by the end of the month for a landmark €2.8bn transaction in the resurgent Greek non-performing loans market, as banks from the country rush to meet European targets to clean up their balance sheets.

    • 17 Aug 2017
  • Lev loan market prepares for more retail asset stripping

    The number of highly leveraged retailers including clauses in loans that allow them to strip out valuable collateral into separate subsidiaries, out of reach of secured lenders, has reached “extreme” levels, according to loan market sources.

    • 16 Aug 2017


The GlobalCapital View logo   Comment

  • ECB tapering on the sly

    A reduction in the amount of bonds being purchased in the ECB’s ABS Purchase Programme shows that the ECB has been on a path to tapering in the asset class, even before it has been officially announced.

    • 01:15 PM

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Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 74,831.87 212 13.30%
2 Bank of America Merrill Lynch 65,702.99 205 11.68%
3 Wells Fargo Securities 55,583.74 178 9.88%
4 JPMorgan 40,793.11 141 7.25%
5 Credit Suisse 30,239.23 97 5.38%

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Max Adams
Securitization Editor
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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
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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) 4,755 19 11.75
2 Citi 4,288 14 10.60
3 Rabobank 2,633 4 6.51
4 Goldman Sachs 2,615 4 6.46
5 Barclays 2,603 8 6.43

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 74,831.87 212 13.30%
2 Bank of America Merrill Lynch 65,702.99 205 11.68%
3 Wells Fargo Securities 55,583.74 178 9.88%
4 JPMorgan 40,793.11 141 7.25%
5 Credit Suisse 30,239.23 97 5.38%