Lloyds brings mortgage SRT deal as sector heats up

Lloyds has structured a synthetic risk transfer (SRT) securitization of owner-occupied mortgage loans, an asset class which rarely sees action.

  • By Tom Brown
  • 18 Jul 2019
“The reason why there are not many is because mortgages on their own have a very good capital treatment. Generally you do an SRT because you want to reduce risk, but you also want to get the good capital treatment,” said a credit structurer. “But in the case ...

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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 %
  • Last updated
  • Today
1 Citi 70,707.91 236 10.46%
2 JPMorgan 64,579.62 197 9.55%
3 Bank of America Merrill Lynch 51,474.08 169 7.61%
4 Wells Fargo Securities 51,322.59 157 7.59%
5 Credit Suisse 47,737.24 151 7.06%