Green Apple Dutch RMBS doesn't fall far from the tree

Argenta Spaarbank is issuing a new Dutch residential mortgage securitization via arranger ABN Amro. It has three tranches backed by Dutch owner-occupied mortgages and is structured in a similar fashion to the issuer’s previous deals.

  • By Tom Brown
  • 05 Jun 2019

Green Apple 2019-2, which has a notional amount of €690.6m, will offer a senior tranche with a coupon of 40bp over three month Euribor and two unrated tranches. DBRS and Fitch gave the class ‘A’ notes the provisional ratings of AAA.

The deal will also be compliant ...

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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 5,997 17 15.40
2 Citi 4,679 16 12.02
3 Lloyds Bank 3,158 6 8.11
4 Bank of America Merrill Lynch (BAML) 3,104 10 7.97
5 Morgan Stanley 3,066 8 7.88

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 69,085.90 230 10.50%
2 JPMorgan 63,371.79 193 9.63%
3 Wells Fargo Securities 50,770.30 154 7.72%
4 Bank of America Merrill Lynch 50,413.91 166 7.66%
5 Credit Suisse 45,852.68 144 6.97%