U.K. CMBS Spreads Approach Turning Point

Secondary spreads on U.K. commercial mortgage-backed securities may see a period of tightening in the second half of 2008, following RMBS spread shrinkage.

  • 20 May 2008

--Alex Sebastian

Secondary spreads on U.K. commercial mortgage-backed securities may see a period of tightening in the second half of 2008, following RMBS spread shrinkage. “These sectors do tend to follow each other. It’s a relative value issue -- if you can pick up AAA CMBS for 250 [basis ...

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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 14,443 29 18.07
2 Bank of America Merrill Lynch (BAML) 8,264 27 10.34
3 Lloyds Bank 7,329 24 9.17
4 Citi 6,748 19 8.44
5 JP Morgan 5,220 8 6.53

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Rank Lead Manager Amount $m No of issues Share %
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1 Citi 121,275.86 349 11.22%
2 Bank of America Merrill Lynch 94,721.79 272 8.77%
3 JPMorgan 93,458.89 272 8.65%
4 Wells Fargo Securities 83,061.10 241 7.69%
5 Credit Suisse 70,475.74 184 6.52%