Vivacon German ground rent securitisation is market first

  • 24 Mar 2006

German property developer Vivacon this week launched German Ground Lease Finance SA, the first securitisation of ground rents on German properties, opening up a small but new asset class.

Lead managed by HVB, the deal offered a single Eu62m tranche backed by a portfolio of heriditary building rights (Erbbaurechte), ...

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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 %
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1 Citi 2,454.09 9 13.89%
2 JPMorgan 1,441.26 6 8.16%
3 SG Corporate & Investment Banking 1,292.64 1 7.32%
3 Rabobank 1,292.64 1 7.32%
5 Bank of America Merrill Lynch 1,226.20 5 6.94%