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 12,508 23 18.18
2 Bank of America Merrill Lynch (BAML) 8,059 25 11.72
3 Lloyds Bank 5,761 18 8.38
4 Citi 5,606 15 8.15
5 JP Morgan 5,007 7 7.28

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Rank Lead Manager Amount $m No of issues Share %
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1 Citi 94,444.52 266 11.16%
2 Bank of America Merrill Lynch 79,057.17 220 9.35%
3 Wells Fargo Securities 69,655.75 196 8.23%
4 JPMorgan 69,110.65 196 8.17%
5 Credit Suisse 56,930.26 144 6.73%