Shinsei Bank raises ¥31bn RMBS in debut public market transaction

Shinsei Bank sold its first residential mortgage-backed securities (RMBS) in a rare public market deal yesterday (Thursday), raising ¥31bn ($339m) after abandoning its plans to issue covered bonds.

  • 11 Dec 2008
Big Sky 2008-1 is the first public RMBS deal from a Japanese bank since Daiwa Securities SMBC sold its own ¥27.5bn issue in March. Shinsei Securities acted as arranger, while Credit Suisse and Daiwa Securities SMBC were joint leads on the transaction, which was split between three different ...

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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

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3 Wells Fargo Securities 56,344.19 164 8.03%
4 JPMorgan 53,381.65 156 7.61%
5 Credit Suisse 44,872.46 115 6.40%