Countrywide first to sell US MBS in euros

The potential breadth and depth of the international mortgage capital markets expanded this week as Countrywide Financial, the US mortgage lender, launched the first securitisation of US home equity loans in euros.

  • 23 Jun 2006

Arranged and underwritten by BNP Paribas, the Eu100m tranche is part of a $1.75bn issue from Countrywide's shelf for securitising revolving home equity lines of credit (Helocs). These are typically second mortgages that US homeowners use like overdrafts.

Though small, the deal may prove to be a turning point ...

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All International Bonds

Rank Lead Manager Amount $m No of issues Share %
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  • Today
1 Citi 58,137.72 186 8.23%
2 JPMorgan 57,032.77 202 8.08%
3 Barclays 49,551.65 159 7.02%
4 Bank of America Merrill Lynch 42,095.04 147 5.96%
5 Deutsche Bank 38,217.89 137 5.41%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
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1 Bank of America Merrill Lynch 6,045.16 4 18.58%
2 BNP Paribas 1,742.18 7 5.36%
3 Credit Agricole CIB 1,539.94 8 4.73%
4 MUFG 1,257.24 4 3.87%
5 SG Corporate & Investment Banking 1,165.08 6 3.58%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
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  • Today
1 UBS 998.25 3 13.49%
2 Citi 693.55 2 9.37%
3 Morgan Stanley 572.72 3 7.74%
4 Bank of America Merrill Lynch 509.34 3 6.88%
5 Jefferies LLC 409.89 4 5.54%