Kensington announces UK RMBS as final summer push begins

Sterling ABS issuance is keeping a steady pace as July rolls on, with Kensington Mortgage Co mandating BNP Paribas as arranger and lead manager alongside Citigroup, Deutsche Bank, National Australia Bank and Standard Chartered for its Sonia-benchmarked Finsbury 2019-2 UK RMBS deal.

  • By Tom Brown
  • 08 Jul 2019
Because of the rapid benchmark switchover in the UK, certain sterling investors are still unable to put money to work in Sonia deals, though the majority of investors are now over the line. The Kensington deal is part of a last push through July leading up to ...

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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 4,486 16 13.62
2 Citi 4,347 16 13.20
3 Lloyds Bank 3,158 6 9.59
4 Morgan Stanley 3,066 8 9.31
5 Bank of America Merrill Lynch (BAML) 2,771 10 8.42

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 59,774.40 197 10.64%
2 JPMorgan 52,017.12 155 9.26%
3 Wells Fargo Securities 42,153.78 123 7.51%
4 Bank of America Merrill Lynch 41,657.82 137 7.42%
5 Credit Suisse 38,415.30 121 6.84%