Irish Mortgage Lender Readies RMBS

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  • 21 Apr 2003
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First Active, a Dublin-based mortgage lender is preparing its first residential mortgage-backed securitization in two years. Celtic 8 will be a E750 million deal and will be launched in June, says Donal Corbett, manager, debt capital markets. The deal will be backed by owner-occupied prime residential mortgages. Barclays Capital is the lead arranger. Deutsche Bank and J.P. Morgan Securities are joint lead managers.

First Active's last deal was a E650 million offering launched in October 2001, which included some mortgage assets from its first deal--a private one--issued in 1996. Going forward, First Active is planning to issue one deal per year, says Corbett. First active has a E7 billion mortgage book, E2 billion of which has already been securitized.

  • 21 Apr 2003

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 137,896.20 520 8.00%
2 JPMorgan 130,231.13 538 7.56%
3 Bank of America Merrill Lynch 114,761.69 387 6.66%
4 Barclays 100,608.22 360 5.84%
5 Goldman Sachs 98,196.23 277 5.70%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
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1 JPMorgan 24,749.48 24 10.81%
2 Citi 15,693.04 32 6.85%
3 SG Corporate & Investment Banking 14,349.04 39 6.27%
4 Deutsche Bank 13,118.70 35 5.73%
5 Bank of America Merrill Lynch 12,117.87 27 5.29%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
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1 Goldman Sachs 5,917.47 27 10.37%
2 JPMorgan 4,392.28 22 7.70%
3 Citi 4,170.20 23 7.31%
4 Deutsche Bank 4,055.26 23 7.11%
5 UBS 2,631.24 9 4.61%