Top stories

  • Polish mortgage law has ‘significant adverse effects’

    A draft Polish law, requiring the written consent of property owners to transfer mortgages, would have “significant adverse effects on Polish banks’ funding” said the European Central Bank, with respect to the covered bond and securitization markets. However, a legal expert said there would be no direct impact on covered bonds.

    • 15 Aug 2019
  • Aegon, Neuberger Berman price new CLO deals

    A pair of CLO transactions were priced on Thursday, with Neuberger Berman bringing a deal via arranger Credit Suisse, and Citi pricing a transaction on behalf of Aegon Investment Management.

    • 15 Aug 2019
  • Lloyds pre-2019 deals set to satisfy STS criteria

    Lloyds announced today that it has submitted notifications to certify legacy deals from Penarth Master Issuer as compliant with the ‘simple, transparent and standardised’ (STS) regime.

    • 15 Aug 2019
  • Preschool franchise ABS heavily oversubscribed

    Primrose School Franchising Company priced its inaugural $275m whole business loan securitization on Wednesday, with order books three times oversubscribed, according to sources.

    • 14 Aug 2019
  • ‘Buy now, pay later’ receivables to be securitized

    Fintech firms are in talks with investment bankers and lawyers to securitize shopping credit originated in the form of 'buy now, pay later' transactions. A securitization of the customer receivables would mark a new asset class in European ABS.

    • 14 Aug 2019
  • Second issuer brings inaugural MPL ABS in August

    National Funding announced its first ever securitization this week, a $120m deal backed by loans made to small and medium sized business. The California-based company is the second marketplace lender to come to market in August with a debut deal.

    • 14 Aug 2019
  • HSBC partners with fintech for consumer loan push

    HSBC has launched a personal lending platform in partnership with Amount, the bank partnership business unit of marketplace loan ABS issuer Avant. The move is the latest example of banks going online, often partnering with fintech firms, to tap into the consumer finance segment.

    • 13 Aug 2019
  • Monte dei Paschi disposes yet more NPLs

    Banca Monte dei Paschi di Siena has completed four transactions for the sale of non-performing loans, totalling €340m.

    • 13 Aug 2019
  • CLO investor base diversifies as negative rates persist

    CLO managers are still able to refinance deals in the European market, but analysts said such deals will soon be replaced by a raft of new issuance. The buy-side is also diversifying as investors flee negative yield rates in other market sectors.

    • 13 Aug 2019
  • ABS spreads widen after week of jarring macro shocks

    Primary and secondary ABS spreads widened across the board last week, particularly for the prime and retail auto lease sectors. The volatility comes on the heels of a “paradigm shift” in the markets in response to trade war worries and a discouraging policy response from the Federal Reserve.

    • 12 Aug 2019


The GlobalCapital View logo   Comment

more comment

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 69,085.90 230 10.56%
2 JPMorgan 63,371.79 193 9.69%
3 Wells Fargo Securities 50,770.30 154 7.76%
4 Bank of America Merrill Lynch 50,061.19 163 7.66%
5 Credit Suisse 45,499.96 141 6.96%

Latest awards

Comments? Questions? Tips?

Max Adams
Securitization Editor
+1 212 224-3293
max.adams@globalcapital.com
Alexander Saeedy
US Reporter
+1 212 224-3292

alexander.saeedy@globalcapital.com

Jennifer Kang

US Reporter
+1 212 224-3297
jennifer.kang@globalcapital.com

Tom Brown

European Reporter

+44 207 779 8602

tom.brown@globalcapital.com

Subscriptions

Mark Goodes
+44 (0)207 779 8605
mark.goodes@globalcapital.com

Phil Huntsman
+1 212 224-3294
phil.huntsman@globalcapital.com

 

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 BNP Paribas 5,997 17 15.40
2 Citi 4,679 16 12.02
3 Lloyds Bank 3,158 6 8.11
4 Bank of America Merrill Lynch (BAML) 3,104 10 7.97
5 Morgan Stanley 3,066 8 7.88

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 69,085.90 230 10.56%
2 JPMorgan 63,371.79 193 9.69%
3 Wells Fargo Securities 50,770.30 154 7.76%
4 Bank of America Merrill Lynch 50,061.19 163 7.66%
5 Credit Suisse 45,499.96 141 6.96%