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 ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Citi 3,691 11 20.70
2 Morgan Stanley 2,420 6 13.57
3 Goldman Sachs 2,096 5 11.75
4 BNP Paribas 1,686 6 9.45
5 Barclays 1,565 4 8.78

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 40,734.72 129 10.87%
2 JPMorgan 33,785.84 96 9.02%
3 Wells Fargo Securities 31,464.27 90 8.40%
4 Bank of America Merrill Lynch 29,270.38 93 7.81%
5 Credit Suisse 23,189.41 72 6.19%