CMBS yields widen in June as investor base thins

June was a busy month for CMBS issuance, with the highest monthly volume in more than three years, though a dearth of triple-A buyers pushed spreads out to their widest levels of 2018.

  • By Alexander Saeedy
  • 10 Jul 2018

In the last week of June alone, $4.6bn of CMBS deals were priced across four conduit deals and a single borrower-single asset transaction. The monthly private label total reached $11.5bn, the highest since February 2015, according to Kroll Bond Rating Agency. 

However, a consistent problem dogging the market is ...

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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 14,443 29 18.07
2 Bank of America Merrill Lynch (BAML) 8,264 27 10.34
3 Lloyds Bank 7,329 24 9.17
4 Citi 6,748 19 8.44
5 JP Morgan 5,220 8 6.53

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 117,261.12 337 11.09%
2 Bank of America Merrill Lynch 94,721.79 272 8.96%
3 JPMorgan 92,612.23 269 8.76%
4 Wells Fargo Securities 82,597.19 239 7.81%
5 Credit Suisse 69,442.99 183 6.57%