Ulster Bank to issue Irish RMBS following RBS ring-fence update

Following a long absence from the new issue RMBS market, Ulster Bank Ireland DAC on Thursday announced a mandate for Ardmore Securities N0.1 DAC, a euro denominated Irish Prime RMBS.

  • By Asad Ali
  • 05 Apr 2018

The bank has mandated Natwest Markets as sole arranger and Bank of America Merrill Lynch, Morgan Stanley and Natwest Markets as joint lead managers.

Investor roadshows will take place April 10-April 13.

The announcement comes on the heels of two others on Thursday by The Royal Bank of ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 BNP Paribas 10,542 20 18.00
2 Bank of America Merrill Lynch (BAML) 6,103 21 10.42
3 Citi 5,130 13 8.76
4 JP Morgan 4,681 6 7.99
5 Lloyds Bank 3,389 13 5.79

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 71,838.88 206 11.37%
2 Bank of America Merrill Lynch 61,812.39 171 9.78%
3 Wells Fargo Securities 50,159.53 146 7.94%
4 JPMorgan 49,089.37 141 7.77%
5 Credit Suisse 39,020.67 99 6.18%