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 15,256 32 16.83
2 Bank of America Merrill Lynch (BAML) 10,179 30 11.23
3 Citi 9,751 23 10.76
4 Lloyds Bank 7,329 24 8.09
5 JP Morgan 6,580 10 7.26

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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1 RBC Capital Markets 801.51 2 13.30%
2 Citi 783.55 4 13.01%
3 Wells Fargo Securities 606.78 3 10.07%
4 Credit Suisse 534.82 2 8.88%
5 SG Corporate & Investment Banking 497.64 2 8.26%