Asset backed securities

  • 09 Mar 2001
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Asia

* ARMS II Fund IX

Amount: A$500m

Legal maturity: March 10, 2032

Issue price: 100.00

Call option: at par from August 10, 2007, or when less than 10% of notes are outstanding

Class 1 notes: A$150m

Rating: Aaa/AAA/AAA

Average life: 2.4 years

Coupon: bank bills swap rate plus 30bp until 10/08/07; bank bills swap rate plus 60bp thereafter

Class 2 notes: A$334.5m

Rating: Aaa/AAA/AAA

Average life: 4.3 years

Coupon: bank bills swap rate plus 38bp until 10/08/07; bank bills swap rate plus 76bp thereafter

Class 3 notes: A$15.5m

Rating: AA-/AA

Average life: 6.4 years

Coupon: bank bills swap rate plus undisclosed margin, doubling at 10/08/07

Launched: Friday March 2

Lead mgr: ABN Amro

Secured on: Australian residential mortgages originated by Australian Mortgage Securities Ltd

* Government Housing Loan Corp Series 1 Secured Passthrough Notes

Amount: ¥50bn

Rating: AAA

Legal maturity: March 10, 2036

Average life: 10 years

Issue price: 100.00

Coupon: 1.75%

Spread at launch: 40bp over 10 year swaps

Launched: Wednesday March 7

Joint books: Credit Suisse First Boston (arranger), Goldman Sachs, Sanwa Securities

Secured on: Japanese residential mortgages originated by the Government Housing Loan Corp

Europe

* Nürnberger Hypothekenbank (NürnbergHyp 2001-1)

Amount: Eu443.400m

Legal maturity: February 2049

Expected maturity: 5 years

Class A1+ notes: Eu100,000

Rating: unrated

Class A1 credit default swap: Eu373.933m

Rating: AAA/AAA

Class A2+notes: Eu100,000

Rating: unrated

Class A2 credit default swap: Eu16.502m

Rating: AAA/AAA

Class B+ notes: Eu100,000

Rating: unrated

Class B credit default swap: Eu25.546m

Rating: AA/AA

Class C notes: Eu11.6m

Rating: A/A

Average life: 5 years

Issue price: 100.00

Coupon: three month Euribor plus 70bp

Class D+ notes: Eu100,000

Rating: unrated

Class D credit default swap: Eu8.103m

Rating: BBB/BBB

Class E+ notes: Eu100,000

Rating: unrated

Class E retained amount: Eu7.216m

Launched: Friday March 2

Lead mgr: WestLB

Secured on: notes are issued directly by by Nürnberger Hypothekenbank, with repayments linked to a portfolio of second and lower lien German residential mortgages on its balance sheet.

* The Guinness Trust

Amount: £40m domestic bond (fungible with £60m issue launched November 11, 1997)

Rating: Aa2/AA-

Maturity: November 30, 2037

Average life: 27.25 years

Issue price: undisclosed

Coupon: 7.5%

Spread at launch: undisclosed

Closed: Wednesday February 28

Lead mgr: RBC Dominion Securities

Secured on: UK social housing owned by the Guinness Trust

  • 09 Mar 2001

All International Bonds

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 JPMorgan 92.59 388 8.96%
2 Citi 85.30 278 8.25%
3 BofA Securities 63.15 265 6.11%
4 Barclays 58.01 223 5.61%
5 Deutsche Bank 55.74 184 5.39%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 60.87 123 14.06%
2 Credit Agricole CIB 28.59 93 6.60%
3 Santander 25.41 90 5.87%
4 JPMorgan 23.88 61 5.52%
5 UniCredit 21.51 103 4.97%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 Goldman Sachs 2.07 11 10.42%
2 BofA Securities 1.40 6 7.01%
3 Citi 1.37 7 6.87%
4 Morgan Stanley 1.36 6 6.85%
5 JPMorgan 1.31 7 6.59%