Investors flock to Azores as Banif closes tight MBS parcelling quake, volcano risk

  • 19 Nov 2004

Citigroup this week launched a unique securitisation of residential mortgages for Banco Comercial dos Açores, a subsidiary of Portugal's Banco Internacional do Funchal (Banif).

The deal is backed almost entirely by properties located in the Azores islands in the Atlantic. As well as representing an ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 BNP Paribas 15,256 32 16.83
2 Bank of America Merrill Lynch (BAML) 10,179 30 11.23
3 Citi 9,751 23 10.76
4 Lloyds Bank 7,329 24 8.09
5 JP Morgan 6,580 10 7.26

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1 RBC Capital Markets 801.51 2 17.07%
2 Wells Fargo Securities 606.78 3 12.93%
3 Credit Suisse 407.63 1 8.68%
3 Barclays 407.63 1 8.68%
5 Deutsche Bank 331.13 2 7.05%