Arena RMBS takes price lead from Saecure

Leads on Delta Lloyd’s Arena 2012-1 RMBS started taking indications of interest on Thursday morning at similar spread levels to Aegon’s Saecure 12, which was the tightest Dutch RMBS issue since the crisis.

  • 30 Nov 2012

Barclays and Rabobank put out price thoughts for Arena of 60bp-65bp over three month Euribor for the €154m two year ‘A1’ tranche and 120bp area over for the €490m five year tranche. They plan to launch and price the deal on Friday.

The deal is backed by €700m ...

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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) 1,284 2 30.09
2 Barclays 633 1 14.82
3 BNP Paribas 509 1 11.91
4 Citi 467 1 10.94
5 Morgan Stanley 455 1 10.66

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 9,235.10 31 12.19%
2 Barclays 7,853.42 22 10.36%
3 Bank of America Merrill Lynch 7,473.95 24 9.86%
4 JPMorgan 7,225.34 25 9.54%
5 Wells Fargo Securities 6,258.35 24 8.26%