IKB Expects Almost $1 Billion In Losses

  • 04 Sep 2007
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IKB Deutsche Industriebank expects losses between €600 million ($815.66 million) and €700 million ($951.61 million) this fiscal year following investments in U.S. subprime mortgage market securitizations, reports Dow Jones. IKB recently received a liquidity injection from KfW valued at €8.1 billion ($11 billion) and another €6.1 billion ($8.3 billion) worth of credit from a group of German banks. IKB said that is has enough liquidity for the next six months and that it would have no need to issue additional capital. IKB also said yesterday that it would not be focusing on international investing any longer. Instead the company will focus on domestic corporate financing, leasing and private equity, structured finance and real-estate financing.

Click here to read the Dow Jones story on Morningstar.com

  • 04 Sep 2007

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 %
  • Last updated
  • Today
1 Citi 1,505.59 4 23.31%
2 SG Corporate & Investment Banking 1,292.64 1 20.01%
2 Rabobank 1,292.64 1 20.01%
4 BNP Paribas 598.25 2 9.26%
5 TD Securities Inc 241.54 1 3.74%