Barclays eases Irish RMBS into primary pipeline

Four months after acquiring a €5bn Irish mortgage pool from Lloyds, Barclays announced an RMBS transaction to securitize part of it last Friday.

  • By Asad Ali
  • 10 Sep 2018

Lloyds and sole arranger Barclays are the joint leads. The €584m Dublin Bay Securities 2018-1 DAC will include 20% buy-to-let mortgages.

The acquired mortgage pool from Lloyds is an example of Barclay’s strategy this year to finance non-core mortgage pools with a securitization.

Earlier in the year, the bank ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 1,284 2 30.09
2 Barclays 633 1 14.82
3 BNP Paribas 509 1 11.91
4 Citi 467 1 10.94
5 Morgan Stanley 455 1 10.66

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 10,064.23 34 12.73%
2 Barclays 7,915.37 23 10.01%
3 Bank of America Merrill Lynch 7,473.95 24 9.45%
4 JPMorgan 7,314.30 26 9.25%
5 Wells Fargo Securities 6,258.35 24 7.92%