CMBS 2.0, tighter spreads raise CMBS hopes — but S&P unconvinced

The Commercial Real Estate Financial Council released CMBS 2.0, a set of best practice guidelines for the CMBS market, on Wednesday. Improved structuring practices and tighter spreads have raised hopes of more transactions next year, but Standard & Poor’s has warned there are still significant obstacles to a fully functioning market.

  • 15 Nov 2012
The CREFC unveiled the final set of guidelines at its autumn conference on Wednesday. The guidelines aim to help future deals avoid pre-crisis mistakes and restore investor confidence in the instrument. They make recommendations in five areas: disclosure, revenue extraction (including class X note structures), investor identification and ...

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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 119,693.92 344 12.91%
2 Bank of America Merrill Lynch 99,935.46 287 10.78%
3 Wells Fargo Securities 88,155.55 263 9.51%
4 JPMorgan 69,113.88 208 7.46%
5 Credit Suisse 51,260.05 154 5.53%