Second largest CMBS conduit deal of 2018 hits market

One of the biggest conduit deals of 2018 is in the market this week, backed by around $1.6bn of retail and office properties across the US, according to term sheets seen by GlobalCapital.

  • By Alexander Saeedy
  • 13 Sep 2018

Sponsored by Morgan Stanley, Bank of America Merrill Lynch, and Wells Fargo, BANK 2018-BNK14 is heavily exposed to retail properties, loans on which total roughly 39.4% of the pool.  

One manager at a bank potentially investing in the deal said that some of the exposure to extreme-high ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.

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 11.10%
2 Bank of America Merrill Lynch 94,723.52 272 8.97%
3 JPMorgan 92,612.23 269 8.77%
4 Wells Fargo Securities 82,597.19 239 7.82%
5 Credit Suisse 69,442.99 183 6.57%