GRAND Restructuring Plan Pitched

Deutsche Annington Immobilien AG has agreed to a plan to restructure German Residential Asset Note Distributor (GRAND)—Europe’s largest single loan commercial mortgage securitization—which includes a note extension and a EUR504 million ($619.5 million) equity support package from U.K. private equity investor Terra Firma.

  • 10 Jul 2012

Deutsche Annington Immobilien AG has agreed to a plan to restructure German Residential Asset Note Distributor (GRAND)—Europe’s largest single loan commercial mortgage securitization—which includes a note extension and a EUR504 million ($619.5 million) equity support package from U.K. private equity investor Terra Firma.

The EUR5.8 billion ($7.12 billion) single ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.

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 %
  • Last updated
  • Today
1 RBC Capital Markets 251.51 1 25.00%
1 MUFG 251.51 1 25.00%
1 Credit Agricole CIB 251.51 1 25.00%
1 Bank of America Merrill Lynch 251.51 1 25.00%
Subtotal 1,006.02 1 100.00%