Large resecuritization BWIC moving RMBS markets

A large all-or-nothing bid list for a legacy, non-agency RMBS resecuritization is set to trade this Friday and has been moving markets, traders have told GlobalCapital.

  • By Ryan Bolger
  • 18 Mar 2015

The BWIC includes 156 non-agency bonds with a current face value of $1.6bn, according to data from Empirasign. The notes are broken up into three pools, which are scheduled to trade at 10am on Friday and settle on March 24.

Non-agency, legacy RMBS issuances by Barclays, RBS, JP ...

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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) 1,284 2 30.09
2 Barclays 633 1 14.82
3 BNP Paribas 509 1 11.91
4 Citi 467 1 10.94
5 Morgan Stanley 455 1 10.66

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 10,727.09 36 12.76%
2 Barclays 8,051.97 24 9.58%
3 Bank of America Merrill Lynch 7,814.11 25 9.30%
4 JPMorgan 7,477.76 27 8.90%
5 Wells Fargo Securities 6,648.29 26 7.91%