May MBS Volumes Tipped To Outstrip Covered Bonds

Europe’s securitization market has enjoyed strong new deal flow during May, and market officials now expect issuance volumes to overtake those of covered bonds by the end of the month, as continuing problems in the eurozone, along with bank downgrades, weigh more heavily on covered bonds than mortgage-backed securities in the region.

  • 24 May 2012
Europe’s securitization market has enjoyed strong new deal flow during May, and market officials now expect issuance volumes to overtake those of covered bonds by the end of the month, as continuing problems in the eurozone, along with bank downgrades, weigh more heavily on covered bonds than mortgage-backed ...

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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 10,542 20 17.55
2 Bank of America Merrill Lynch (BAML) 6,103 21 10.16
3 Citi 5,130 13 8.54
4 JP Morgan 4,681 6 7.79
5 Morgan Stanley 4,137 11 6.89

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 80,818.31 235 11.64%
2 Bank of America Merrill Lynch 65,088.22 185 9.37%
3 Wells Fargo Securities 56,145.09 163 8.08%
4 JPMorgan 53,381.65 156 7.69%
5 Credit Suisse 44,872.46 115 6.46%