Goldman makes swift return with new CMBS

Goldman Sachs as sole arranger, lead manager and bookrunner announced a €235m CMBS, Kantoor Finance 2018 DAC, on Wednesday, the second CMBS of the year from the investment bank. It follows swiftly on the heels of its £427m Ribbon Finance deal, which was priced at the end of May.

  • By Asad Ali
  • 14 Jun 2018

Classes ‘A’ to ‘E’, rated triple-A down to double-B, are being offered. The 4.69 year senior tranche, with a loan to value ratio of 37% and credit enhancement of 41.5%, is €137.8m. Goldman will retain at least 5% of each of tranche.

Demand for European CMBS has ...

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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 9,725 17 21.27
2 JP Morgan 4,494 5 9.83
3 Citi 4,296 9 9.40
4 Bank of America Merrill Lynch (BAML) 3,067 11 6.71
5 Lloyds Bank 2,346 10 5.13

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 59,475.13 168 11.58%
2 Bank of America Merrill Lynch 53,515.89 141 10.42%
3 Wells Fargo Securities 39,671.56 116 7.73%
4 JPMorgan 39,226.50 111 7.64%
5 Credit Suisse 30,786.36 73 6.00%