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 15,256 32 17.31
2 Bank of America Merrill Lynch (BAML) 9,637 29 10.93
3 Citi 8,264 22 9.37
4 Lloyds Bank 7,329 24 8.31
5 JP Morgan 6,580 10 7.46

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 130,010.09 379 11.12%
2 Bank of America Merrill Lynch 104,113.90 304 8.90%
3 JPMorgan 102,778.33 300 8.79%
4 Wells Fargo Securities 93,728.92 276 8.01%
5 Credit Suisse 76,904.09 209 6.58%