New ABS repo rules offer Spanish banks a way out of developer loans

The benefits to Spanish banks from the ECB's recent lowering of its repo eligibility criteria will be limited, say analysts, in spite of the fact that the move had appeared to be aimed at easing conditions for the troubled sector.

  • 25 Jun 2012

But banks may well be encouraged to structure new deals to fit the criteria, they said. Spanish banks looking to offload property developer loans could stand to gain the most.

Until now, only RMBS and SME CLOs with at least a single-A rating were eligible as repo collateral. But ...

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 15,256 32 16.83
2 Bank of America Merrill Lynch (BAML) 10,179 30 11.23
3 Citi 9,751 23 10.76
4 Lloyds Bank 7,329 24 8.09
5 JP Morgan 6,580 10 7.26

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 RBC Capital Markets 801.51 2 17.07%
2 Wells Fargo Securities 606.78 3 12.93%
3 Credit Suisse 407.63 1 8.68%
3 Barclays 407.63 1 8.68%
5 Deutsche Bank 331.13 2 7.05%