Locafit prices finely but bonds slump in secondary market

  • 01 Jul 2005

Banca Nazionale del Lavoro subsidiary Locafit this week returned to market with a finely priced, if unexpectedly controversial securitisation of auto, equipment and real estate leases, arranged by BNL.

Bookrunners BNL, Calyon, JP Morgan and SG priced the senior tranche at just 15bp over Euribor ...

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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 1,505.59 4 13.16%
2 SG Corporate & Investment Banking 1,292.64 1 11.30%
2 Rabobank 1,292.64 1 11.30%
4 Wells Fargo Securities 942.61 3 8.24%
5 Mizuho 875.48 2 7.65%