Traditional B-Piece Buyers Bide Time

The market for B-pieces, or the first-loss classes of commercial mortgage-backed securities deals, is likely to remain thin as traditional players sit on the sidelines and wait for more attractive pricing and better quality collateral.

  • 17 Mar 2011
The market for B-pieces, or the first-loss classes of commercial mortgage-backed securities deals, is likely to remain thin as traditional players sit on the sidelines and wait for more attractive pricing and better quality collateral, said panelists at the Commercial Real Estate Finance Council’s Distressed Debt Summit in ...

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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 %
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1 Citi 1,505.59 4 20.86%
2 SG Corporate & Investment Banking 1,292.64 1 17.91%
2 Rabobank 1,292.64 1 17.91%
4 Wells Fargo Securities 760.56 2 10.54%
5 BNP Paribas 598.25 2 8.29%