Leek brushes up against prime RMBS as leads test 13bp

  • 07 Apr 2006

Platform Funding launched Leek Finance No 17 Plc last week, pushing against the boundaries of non-conforming RMBS. The lead managers, JP Morgan and RBS, tested 13bp, just two basis points off prime spreads, before pricing the deal at 14bp.

The leads had gone out with initial guidance of 14bp ...

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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 17.31
2 Bank of America Merrill Lynch (BAML) 9,637 29 10.93
3 Citi 8,264 22 9.37
4 Lloyds Bank 7,329 24 8.31
5 JP Morgan 6,580 10 7.46

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Rank Lead Manager Amount $m No of issues Share %
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1 Citi 130,254.20 381 11.10%
2 Bank of America Merrill Lynch 104,113.90 304 8.88%
3 JPMorgan 103,048.77 303 8.79%
4 Wells Fargo Securities 93,728.92 276 7.99%
5 Credit Suisse 76,904.09 209 6.56%