Year-end prompted string of synthetic securitizations

Banks lined up to close capital relief securitizations at the end of last year, protecting portfolios of leveraged loans, commercial property and project finance.

  • By Owen Sanderson
  • 08 Jan 2018
Capital relief securitizations, in which a bank buys credit protection on the junior tranche of a portfolio from outside investors in order to cut regulatory capital requirements, are often closed immediately before year-end. This allows the bank to report the improvement in ratios in its

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Citi 4,296 9 13.65
2 BNP Paribas 3,026 10 9.61
3 Bank of America Merrill Lynch (BAML) 2,411 8 7.66
4 Lloyds Bank 2,213 9 7.03
5 Credit Agricole 2,025 6 6.43

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 33,892.62 98 11.03%
2 Bank of America Merrill Lynch 30,933.21 87 10.07%
3 Wells Fargo Securities 26,900.77 74 8.75%
4 JPMorgan 23,031.77 69 7.50%
5 Credit Suisse 19,951.44 47 6.49%