Natixis tests appetite for new legacy UK non-conforming RMBS

In a sign that risk appetite in the ABS market continues to grow as investors face falling yields in core and prime sectors, Natixis is looking to price the year’s first true-sale securitisation of UK non-conforming mortgages.

  • 15 Apr 2013
Virgil Mortgage No1 is a multi-originator UK RMBS backed by a pool of pre-crisis, non-conforming mortgages for owner-occupied and buy-to-let properties. It uses a simple two tranche structure, with a £70.7m class ‘A’ tranche, which has been rated AA by Standard & Poor’s, and an unrated £53m class ...

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 Bank of America Merrill Lynch (BAML) 7,026 25 11.95
2 Citi 6,449 21 10.96
3 BNP Paribas 5,093 18 8.66
4 Barclays 4,040 11 6.87
5 Lloyds Bank 3,615 14 6.15

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 2,454.09 9 13.89%
2 JPMorgan 1,441.26 6 8.16%
3 SG Corporate & Investment Banking 1,292.64 1 7.32%
3 Rabobank 1,292.64 1 7.32%
5 Bank of America Merrill Lynch 1,226.20 5 6.94%