Synthetic CMBS Loan Hits Bankruptcy Event

Noteholders in the £454.3 million ($740 million) Prominent Conduit No. 2 synthetic commercial mortgage-backed securitization have been told a bankruptcy credit event occurred in one of the underlying loans backing the deal.

  • 12 Aug 2011

Noteholders in the £454.3 million ($740 million) Prominent Conduit No. 2 synthetic commercial mortgage-backed securitization have been told a bankruptcy credit event occurred in one of the underlying loans backing the deal.

The £81.3 million ($132.4 million) Road One and Blisworth Nominees Limited loan, which accounts for about 18% ...

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 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%