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 12,508 23 18.18
2 Bank of America Merrill Lynch (BAML) 8,059 25 11.72
3 Lloyds Bank 5,761 18 8.38
4 Citi 5,606 15 8.15
5 JP Morgan 5,007 7 7.28

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 92,032.58 259 11.01%
2 Bank of America Merrill Lynch 79,057.17 220 9.45%
3 JPMorgan 69,156.83 197 8.27%
4 Wells Fargo Securities 68,746.03 193 8.22%
5 Credit Suisse 55,529.51 142 6.64%