Paragon opens post-conference market with buy-to-let RMBS

The primary pipeline is filling up following a busy Global ABS conference where several issuers met with investors after announcing plans to come to market. Paragon is the first out of the door post-conference with a UK buy-to-let (BTL) RMBS, Paragon Mortgages No. 26.

  • By Tom Brown
  • 17 Jun 2019
The specialist lender has mandated Lloyds and Bank of America Merrill Lynch as arrangers and joint lead managers to bring a deal comprising first-lien, prime BTL mortgages originated since 2010. The deal has a single offered floating-rate tranche linked to Sonia, with a weighted average life of 2.97 ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Citi 4,347 16 16.63
2 BNP Paribas 2,866 11 10.96
3 Morgan Stanley 2,420 6 9.26
4 Goldman Sachs 2,276 6 8.71
5 Bank of America Merrill Lynch (BAML) 2,086 9 7.98

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Rank Lead Manager Amount $m No of issues Share %
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1 Citi 57,943.50 190 10.82%
2 JPMorgan 50,096.03 149 9.35%
3 Bank of America Merrill Lynch 40,321.46 131 7.53%
4 Wells Fargo Securities 39,996.15 117 7.47%
5 Credit Suisse 37,249.85 118 6.95%