Obvion sees mild spread softening as ING goes synthetic

  • 12 Dec 2003

Dutch mortgage originator Obvion, previously owned by Stichting Pensioenfonds ABP (ABP), has securitised a Eu1.5bn portfolio of residential mortgages via Rabobank and NIB Capital.

The deal was fully sold but showed the first sign of end of year spread softening in the Dutch market, after heavy issuance this quarter.

The 4.8 year triple-A notes ...

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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 %
  • Last updated
  • Today
1 Citi 1,712.34 6 12.44%
2 SG Corporate & Investment Banking 1,292.64 1 9.39%
2 Rabobank 1,292.64 1 9.39%
4 Mizuho 1,215.54 3 8.83%
5 Wells Fargo Securities 1,012.71 4 7.36%