Fitch Rates Metrofinanciera CBL Deal

  • 06 Aug 2007
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Fitch Ratings has rated Metrofinanciera Trust #650 construction bridge loan securitization. The class A rating received a ‘BBB/AAA(mex)’ rating thanks to the 12.5% subordination level provided by the class B notes. The initial level of overcollateralization equals 5% of the collateral balance. The class B notes were rated ‘A(mex).’ Metrofinanciera S.A. is the originator and servicer on the deal.

Interest will be paid on a quarterly basis. The ramp-up period is six months after closing. The revolving period is 60 months from the closing date and the amortization period will begin at the end of the revolving period. The legal final maturity is July 2014.

  • 06 Aug 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 %
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1 Citi 1,505.59 4 20.86%
2 SG Corporate & Investment Banking 1,292.64 1 17.91%
2 Rabobank 1,292.64 1 17.91%
4 Wells Fargo Securities 760.56 2 10.54%
5 BNP Paribas 598.25 2 8.29%