WeWork’s footprint in US CMBS set to surpass $1bn

Kroll Bond Rating Agency this week highlighted the growing exposure CMBS investors have to WeWork, the coworking space company the business model of which has been criticised by some investors for being front loaded with short-term risk.

  • By Alexander Saeedy
  • 08 Aug 2018
WeWork has emerged alongside Tesla and Uber as important symbols of the financial zeitgeist and of the post-recession credit cycle. A home for up-and-coming startups and established firms alike in some of the world’s biggest cities, the company has rapidly expanded since it was founded in 2010. Today, ...

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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 17.55
2 Bank of America Merrill Lynch (BAML) 6,103 21 10.16
3 Citi 5,130 13 8.54
4 JP Morgan 4,681 6 7.79
5 Morgan Stanley 4,137 11 6.89

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1 Citi 81,261.11 236 11.59%
2 Bank of America Merrill Lynch 66,338.04 186 9.46%
3 Wells Fargo Securities 56,344.19 164 8.03%
4 JPMorgan 53,381.65 156 7.61%
5 Credit Suisse 44,872.46 115 6.40%