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 ...

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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 95,847.77 272 11.13%
2 Bank of America Merrill Lynch 80,029.51 227 9.30%
3 JPMorgan 72,172.60 208 8.38%
4 Wells Fargo Securities 69,859.54 198 8.12%
5 Credit Suisse 58,056.32 149 6.74%