Top stories

  • Private equity funds get securitization treatment

    Banks have approached rating agencies with an eye on possibly securitizing portfolios of private equity fund investments, like the collateralized fund obligation that was priced last week, as credit investors search more widely and deeply for yielding assets.

    • 28 Jun 2017

  • US private label mortgage market gains steam

    AIG priced a debut RMBS deal on Monday, while three transactions backed by seasoned performing, reperforming and nonperforming loans hit the primary market this week with investor demand for non-agency RMBS paper understood to be on the rise.

    • 28 Jun 2017
  • Investors pour in to UK credit card deal

    A credit card deal from NewDay cards was priced on Wednesday to heavy demand, despite growing concern around rising levels of consumer debt in the UK.

    • 28 Jun 2017
  • Veneto and Vicenza securitizations in limbo after Intesa purchase

    Securitizations issued by the two Italian banks in liquidation, Veneto Banca and Banca Popolare di Vicenza are in limbo, with no word from the banks themselves or Intesa Sanpaolo, which is acquiring most of their good assets, about the fates of the deals. The most recent issues from the two bank were kept for use as repo collateral with JP Morgan but both banks have plenty of outstanding placed bonds too.

    • 28 Jun 2017
  • CAI adds to upswing in container lease ABS offerings

    CAI International is the latest issuer to revive activity in container lease securitization, as the asset class outpaces aircraft ABS as the most active corner of transport ABS in 2017.

    • 27 Jun 2017
  • US lev loan volume hits all-time record in first half

    Issuance of leveraged loans hit $548bn in the first half of this year, setting a record for any first or second half, according to S&P Global Ratings.

    • 27 Jun 2017
  • Demand drives increase for Discover card deal

    Prime credit card ABS is drawing a crowd this week, with joint leads pumping up the size of a deal from Discover Bank before pricing on June 26.

    • 27 Jun 2017
  • Italian bank resolution part of Atlante MPS plan

    The Bank of Italy has indicated that the state funded liquidation of Veneto Banca and Banca Popolare di Vicenza will free up capital from the state backed Atlante fund to finance its investment in Monte Patschi dei Siena (MPS).

    • 27 Jun 2017
  • Bank of England sounds the alarm on consumer debt

    The Bank of England has expressed concern over the rising levels of consumer debt in the UK, which have increased by 10.3% in the 12 months through April 2017.

    • 27 Jun 2017
  • Ladder conduit marks CMBS split

    Non-bank commercial mortgage lender Ladder Capital priced its first CMBS transaction on Friday, with investors demanding more spread to compensate for credit and lower liquidity compared to bank offerings.

    • 26 Jun 2017
  • SoFi, College Ave add offerings to crowded ABS market

    Online lender SoFi and first time student loan ABS issuer College Avenue are bringing deals to a busy pipeline, as investor demand for new securitizations carries into the summer.

    • 26 Jun 2017


The GlobalCapital View logo   Comment

  • Gloomy Carney address could portend TFS extension

    Bank of England governor Mark Carney’s caution on the UK economy in his Mansion House speech on Tuesday could be an early warning for the UK RMBS market that the Term Funding Scheme (TFS) won't end soon, an unwelcome development for supply starved investors.

    • 20 Jun 2017

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Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 26 Jun 2017
1 Bank of America Merrill Lynch 136,894.46 417 10.71%
2 Wells Fargo Securities 131,973.29 354 10.33%
3 Citi 128,092.49 391 10.02%
4 JPMorgan 109,675.50 340 8.58%
5 Credit Suisse 83,527.48 254 6.54%

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Max Adams
Securitization Editor
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max.adams@globalcapital.com

Sasha Padbidri
New York Reporter
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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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george.williams@globalcapital.com

 

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) 3,865 12 12.28
2 Citi 2,800 7 8.90
3 Goldman Sachs 2,615 4 8.31
4 Credit Agricole 2,254 6 7.16
5 Barclays 2,006 6 6.38

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 26 Jun 2017
1 Bank of America Merrill Lynch 136,894.46 417 10.71%
2 Wells Fargo Securities 131,973.29 354 10.33%
3 Citi 128,092.49 391 10.02%
4 JPMorgan 109,675.50 340 8.58%
5 Credit Suisse 83,527.48 254 6.54%