GTP To Launch Cell Tower Securitization

Global Tower Partners is issuing $250 million in five-year commercial mortgage backed securities.

  • 08 Feb 2010

--Joy Wiltermuth

Global Tower Partners is issuing $250 million in five-year commercial mortgage backed securities. The deal is 80% backed by mortgages on 1,351 wireless communication towers, as well as equity pledges by the issuer, according to a presale report from Fitch Ratings.

The transaction, Global Tower Series 2010-1, has ...

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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%