Top stories
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Lloyds brings mortgage SRT deal as sector heats up
Lloyds has structured a synthetic risk transfer (SRT) securitization of owner-occupied mortgage loans, an asset class which rarely sees action.
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MUFG hires Loomis Sayles PM to head esoteric ABS
MUFG has hired esoteric ABS analyst Keith Allman from Loomis, Sayles & Company as managing director and head of esoteric ABS in the Japanese bank's New York Office.
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GSO brings Dunedin Park CLO via Deutsche
GSO Capital, a Blackstone-owned entity, is marketing Dunedin Park, a €409.8m CLO arranged by Deutsche Bank, and the fourth brought by the issuer this year.
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ABS investors eye ESG as way to flag risky issuers
Awareness of environmental, social and governance (ESG) criteria is set to expand in the securitization market, said market participants.
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Barings brings euro CLO via arranger Goldman Sachs
Goldman Sachs has released initial price thoughts on a new €407.2m CLO for Barings.
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Trade finance firm closes securitization with Natixis
Stenn, a trade finance specialist, has closed a $200m receivables securitization programme with Natixis, expanding its capital markets programme. The company said it hopes to address the $1.5tr 'trade finance gap' that could be closed by digitisation, according to the International Chamber of Commerce (ICC) and the Asian Development Bank.
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Debt purchaser preps securitization to fight RWA hike
Hoist Finance, a Sweden-based debt restructuring firm, has been marketing its debut securitization — an essential move in the firm’s attempt to recover from a regulatory broadside which landed last year.
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Nochu returns to US, but stays at edge of euro CLO market
Norinchukin Bank has re-entered the US CLO market after pulling back in April, though is still holding out on European CLOs, and there may now be less incentive for it to take up its previously outsized role.
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Morningstar, DBRS name heads of combined mortgage rating units
Morningstar Credit Ratings and DBRS have announced the appointment of the heads of their combined RMBS and CMBS groups following Morningstar’s acquisition of its Canadian rival in May.
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British Airways on the runway with EETC deal
British Airways priced an $806.88m Enhanced Equipment Trust Certificate (EETC) securitization on Monday.
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European ABS pipeline heats up but Brexit window begins to close
Sterling securitization supply issue is predicted to continue up until late August at least, spurred on by the Brexit deadline of October 31. According to a syndicate banker, there are relatively few continental European investors still willing to invest in sterling deals, with the exception of selected French investment firms.
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
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Legislative fix for dollar Libor not a failsafe option
Among the myriad dilemmas tied to managing Libor exposures and the development of Sofr markets, one potential remedy has steadily gained more attention: leave it to the government to fix the problem.
Bookrunners of Global Structured Finance
| Rank | Lead Manager | Amount $m | No of issues | Share % |
|---|---|---|---|---|
| 1 | Citi | 59,774.40 | 197 | 10.64% |
| 2 | JPMorgan | 52,017.12 | 155 | 9.26% |
| 3 | Wells Fargo Securities | 42,153.78 | 123 | 7.51% |
| 4 | Bank of America Merrill Lynch | 41,657.82 | 137 | 7.42% |
| 5 | Credit Suisse | 38,415.30 | 121 | 6.84% |
Latest awards
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The Annual GlobalCapital US Securitization Awards: The Winners
GlobalCapital held its fifth annual US Securitization Awards dinner at Manhattan's Metropolitan Club on Wednesday, May 30.
Comments? Questions? Tips?
Max AdamsSecuritization Editor
+1 212 224-3293
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Mark Goodes+44 (0)207 779 8605
mark.goodes@globalcapital.com
Phil Huntsman
+1 212 224-3294
phil.huntsman@globalcapital.com
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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 | 4,486 | 16 | 13.62 |
| 2 | Citi | 4,347 | 16 | 13.20 |
| 3 | Lloyds Bank | 3,158 | 6 | 9.59 |
| 4 | Morgan Stanley | 3,066 | 8 | 9.31 |
| 5 | Bank of America Merrill Lynch (BAML) | 2,771 | 10 | 8.42 |
Bookrunners of Global Structured Finance
| Rank | Lead Manager | Amount $m | No of issues | Share % |
|---|---|---|---|---|
| 1 | Citi | 59,774.40 | 197 | 10.64% |
| 2 | JPMorgan | 52,017.12 | 155 | 9.26% |
| 3 | Wells Fargo Securities | 42,153.78 | 123 | 7.51% |
| 4 | Bank of America Merrill Lynch | 41,657.82 | 137 | 7.42% |
| 5 | Credit Suisse | 38,415.30 | 121 | 6.84% |
