Top stories
-
Central banks express concern on growth of leveraged lending
Central banks in the US and UK have both raised concerns in recent weeks on the growth of leveraged loan markets and the potential impact on financial stability.
-
Issuer readies rare life sciences securitization
A business development company that specializes in making loans to venture capital backed life sciences and technology companies is in the market this week with a $200m securitization.
-
Investor demand allows VW to pocket extra funding with latest ABS
Volkswagen Bank’s VCL 27 auto lease ABS deal garnered enough investor demand this week to allow VW to upsize the deal and bank roughly €200m extra funding.
-
Mortgage finance edges closer to automated underwriting and digitalization
Obtaining a mortgage has been a famously long and difficult process, especially since the crisis. But can a mix of upstart financial technology firms and industry veterans meet the challenge of adapting mortgages to the digital economy? Participants at the Mortgage Bankers Association conference in Washington, DC this week say the market is certainly headed in that direction.
-
Generous debt baskets risk loan recovery prospects, says Fitch
Fitch Ratings said on Tuesday that the increasing ability of leveraged borrowers to add additional debt without investor pushback would adversely affect the recovery rates for lenders in the event of a default.
-
US department store Sears files for long awaited bankruptcy
Sears filed for Chapter 11 bankruptcy on Monday as a $134m interest payment came due and efforts to restructure the firm’s debt out of court failed.
-
Mixed outlook for US housing emerges at DC industry summit
.jpg)
Industry executives and federal regulators descended on Washington D.C. on Monday for the Mortgage Bankers Association's annual housing finance conference, with the meeting producing an uncertain outlook for US housing in a heated economy.
-
Yellen eyes end of red hot US economic performance
Dr. Janet Yellen, former chairwoman of the Federal Reserve, told attendees at the annual meeting of the Mortgage Bankers Association in Washington D.C. on Monday that she is expecting US economic growth to slow by 2020 as the central bank raises rates to counter inflation.
-
More unsolicited comments on the way as late cycle ABS heats up, says Fitch
Fitch Ratings said on Monday that it expects to issue unsolicited ratings more frequently on deals it has not been mandated to rate, as the rating agency looks to respond to more widespread late-cycle lending behaviour in securitization markets.
-
UK RMBS pricing dodges fresh Brexit angst
A pair of UK RMBS deals offering exposure to non-conforming and second lien mortgage pools were sold to investors on Friday, with both deals successfully placed just before a fresh round of Brexit jitters surfaces this week.
-
ABS veteran takes director role at Amundi Pioneer
Duke University professor and former co-founder of Smith Breeden, Douglas T. Breeden, has taken up a position with Amundi Pioneer as director of securitized assets and portfolio manager.
Go to GlobalCapital's Securitization data pages for our dealflow database, plus details of priced European and US CLOs and structured finance bookrunner league tables.
Latest ABS news
Latest RMBS news
Latest CMBS news
Latest CLO/CDO news
Latest securitization people & markets news
Latest Asia securitization news
Comment
-
Who should pay for natural catastrophes?
Over the weekend, Harris County in Texas voted in favour of issuing bonds to pay for flood defences, a year after Hurricane Harvey caused terrible damage in the Houston region. It is part of a wider tussle over who bears the risk of catastrophes — and the capital markets are at the forefront of the discussion.
Bookrunners of Global Structured Finance
| Rank | Lead Manager | Amount $m | No of issues | Share % |
|---|---|---|---|---|
| 1 | Citi | 104,581.71 | 299 | 10.92% |
| 2 | Bank of America Merrill Lynch | 86,347.40 | 249 | 9.02% |
| 3 | JPMorgan | 80,990.39 | 237 | 8.46% |
| 4 | Wells Fargo Securities | 77,934.65 | 225 | 8.14% |
| 5 | Credit Suisse | 63,570.21 | 165 | 6.64% |
Latest awards
-
2016 US Securitization Awards: the winners
On Tuesday May 17, GlobalCapital held its third annual US Securitization Awards dinner at the Pierre Hotel in Manhattan.
Comments? Questions? Tips?
Max AdamsSecuritization Editor
+1 212 224-3293
Sasha Padbidri
New York Reporter
+1 212 224-3206
sasha.padbidri@globalcapital.com
Graham Bippart
European Securitization and Fixed Income Editor
+44 (0)207 779 8715
graham.bippart@globalcapital.com
Subscriptions
Mark Goodes+44 (0)207 779 8605
mark.goodes@globalcapital.com
George Williams
+44 (0)207 779 8274
george.williams@globalcapital.com
Want full access to GlobalCapital?
If you are new to GlobalCapital or you already subscribe to some of our channels you can still easily extend your access.
Take a trial to the entire site or subscribe online to see all our capital markets news, opinion and data sets.
Don't miss out!
Free trial
Latest Issue
Read the magazine on your mobile device
Most Viewed: Securitization
Bank Profiles
Latest news by market and league table performance
GlobalCapital European securitization league table
| Rank | Lead Manager/Arranger | Total Volume $m | No. of Deals | Share % by Volume |
|---|---|---|---|---|
|
||||
| 1 | BNP Paribas | 13,295 | 25 | 18.56 |
| 2 | Bank of America Merrill Lynch (BAML) | 8,059 | 25 | 11.25 |
| 3 | Lloyds Bank | 6,979 | 21 | 9.74 |
| 4 | Citi | 6,256 | 16 | 8.73 |
| 5 | JP Morgan | 5,220 | 8 | 7.29 |
Bookrunners of Global Structured Finance
| Rank | Lead Manager | Amount $m | No of issues | Share % |
|---|---|---|---|---|
| 1 | Citi | 104,581.71 | 299 | 10.92% |
| 2 | Bank of America Merrill Lynch | 86,347.40 | 249 | 9.02% |
| 3 | JPMorgan | 80,990.39 | 237 | 8.46% |
| 4 | Wells Fargo Securities | 77,934.65 | 225 | 8.14% |
| 5 | Credit Suisse | 63,570.21 | 165 | 6.64% |
