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 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

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