Morgan Stanley mandated for new issue UK RMBS deal

Morgan Stanley has been mandated as sole arranger and joint lead manager with Barclays for Towd Point Mortgage Funding 2018-Auburn 12, in what may be one of the final ABS announcements before the seasonal summer lull in Europe.

  • By Asad Ali
  • 19 Jul 2018

The deal is the seventh TPMF transaction. The proceeds of the notes will be used by Capital Home Loans Limited (the sponsor) to call the Auburn 9 RMBS deal, where the interest margin is due to step-up shortly.

Capital Home Loans Limited is also the seller and retention holder.

The ...

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Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 BNP Paribas 15,084 31 17.18
2 Bank of America Merrill Lynch (BAML) 9,637 29 10.97
3 Citi 8,093 21 9.22
4 Lloyds Bank 7,329 24 8.35
5 JP Morgan 6,580 10 7.49

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1 Citi 128,786.28 373 11.27%
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3 JPMorgan 100,646.92 291 8.81%
4 Wells Fargo Securities 91,306.23 262 7.99%
5 Credit Suisse 75,502.58 201 6.61%