Euro Loan Defaults Rise As Refi Bubble Looms

Loans backing Europe’s universe of commercial mortgage-backed securities are continuing to default, with another 10 hitting triggers in the second quarter of 2010, according to a Fitch Ratings analyst.

  • 23 Aug 2010

-- Daniel O’Leary

Loans backing Europe’s universe of commercial mortgage-backed securities are continuing to default, with another 10 hitting triggers in the second quarter of 2010, according to a Fitch Ratings analyst. This brings the total default rate to 8.7% of securitized commercial loans.

Gioia Dominedo, senior director in the ...

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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 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%