Italian Bank Preps Its First CMBS

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  • 14 Jul 2003
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Banca Nazionale del Lavoro (BNL) is putting together its first commercial mortgage-backed securitization, according to London-based bankers. The deal, thought to be in the E1 billion range, has been mandated to Morgan Stanley. A spokesman for BNL in Rome declined to comment on the deal, but said the bank is actively considering new assets to be securitized as well as to continue its existing securitization programs.

Arvind Bajaj, an executive director on Morgan Stanley's securitization team in London, declined to comment. Timing on the deal has not yet been determined. The deal is thought to be a sale and leaseback of BNL's own property, similar to a deal Lehman Brothers is doing forBanca Popolare di Lodi, according to one CMBS banker.

BNL has completed two securitization transactions this year, a E1.2 billion leasing deal called Vela Leasing and a E2.3 billion residential mortgage-backed securitization called Vela Home, Italy's largest RMBS transaction to date.

  • 14 Jul 2003

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 324,607.67 1260 8.10%
2 JPMorgan 317,157.29 1380 7.92%
3 Bank of America Merrill Lynch 292,436.96 1003 7.30%
4 Barclays 245,367.72 916 6.12%
5 Goldman Sachs 216,514.13 726 5.40%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
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1 BNP Paribas 45,589.37 178 7.11%
2 JPMorgan 43,572.44 88 6.79%
3 Credit Agricole CIB 33,071.14 158 5.15%
4 UniCredit 32,917.16 149 5.13%
5 SG Corporate & Investment Banking 32,145.89 124 5.01%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 13,559.65 59 8.93%
2 Goldman Sachs 13,209.37 65 8.70%
3 Citi 9,711.73 55 6.40%
4 Morgan Stanley 8,471.86 53 5.58%
5 UBS 8,136.41 33 5.36%