Top stories


  • US RMBS picks up despite housing market headwinds

    The private label RMBS market in the US is buzzing with activity as the first half of 2018 comes to an end, with issuers lining up a number of deals to be priced through the end of this week and early next week.

    • 21 Jun 2018
  • European banks could see boost in portfolio financing from EBA plans

    European-regulated banks might see a boost to their business from an obscure tweak to securitization rules, rolled out in a European Banking Authority paper published on Tuesday. The proposals could see them better able to compete with US firms in the increasingly lucrative business of portfolio financing through securitization.

    • 21 Jun 2018
  • Prime RMBS offers reprieve against higher funding costs

    The European primary ABS market has kicked into high gear in the weeks since the Global ABS conference in Barcelona, which ended on June 7. RMBS is particularly in focus as banks return to the market, with the tide of cheap central bank money ebbing away.

    • 21 Jun 2018
  • Credit Suisse preps marketplace loan ABS

    Credit Suisse is in the market this week with a $180.21m ABS offering backed by unsecured consumer loans originated by online lender loanDepot, and had already received heavy demand from investors as of late Wednesday.

    • 20 Jun 2018
  • Janus to challenge BlackRock, Vanguard with MBS ETF

    Janus Henderson filed documents with the Securities and Exchange Commission on Wednesday announcing the launch of an actively managed exchange-traded fund (ETF) set to outperform the Bloomberg Barclays US mortgage-backed securities Index, which are tracked by several MBS ETFs.

    • 20 Jun 2018
  • Capital boost for GSEs unlikely to upend mortgage finance

    The Federal Housing Finance Agency has published new guidelines that would require Fannie Mae and Freddie Mac, the two government sponsored enterprises (GSEs) at the heart of the US RMBS market, to increase their loss reserves from $3bn to $180bn, worth roughly 325bp of their assets and off-balance sheet guarantees.

    • 20 Jun 2018
  • Clydesdale makes RMBS return with new Lanark deal

    Bank of America Merrill Lynch, as sole arranger, together with joint leads Barclays, Citigroup, and Lloyds Bank announced a prime RMBS from Clydesdale Bank’s master trust programme on Wednesday.

    • 20 Jun 2018
  • Blackstone builds out hotel portfolio with LaSalle buy

    Real estate investment trust LaSalle Hotel Properties on Monday batted down yet another takeover bid from Pebblebrook Hotel Trust, nearly a month after it agreed to be acquired by Blackstone fund Real Estate Partners VIII for $3.7bn. LaSalle owns 41 commercial properties across the US, including two high-end resorts in Key West and the luxury Gild Hall hotel in New York.

    • 19 Jun 2018
  • Lloyds floats price talk for prime RMBS

    Lloyds has attracted more than $1.3bn of interest for the dollar denominated 1.95 year triple-A '1A1' notes of its Permanent 2018-1 prime UK RMBS deal, as well over £800m of orders for the 2.8 year sterling triple-A ‘1A2’ tranche, with estimates of £1bn-£1.25bn in total issuance.

    • 19 Jun 2018
  • Goldman, Mosaic ready co-sponsored solar ABS

    Goldman Sachs and residential solar finance firm Mosaic are preparing to jointly issue a new solar loan securitization, Mosaic Solar Loan Trust 2018-2-GS.

    • 18 Jun 2018


The GlobalCapital View logo   Comment

  • Secrecy is not an option

    A panel on gender parity in the workplace, hosted by Women’s Energy Network (WEN) last Wednesday in New York, pulled no punches in demanding that Wall Street stop hiding behind a culture that uses settlements to deal with sexual misconduct.

    • 20 Mar 2018

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Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 61,149.41 174 11.42%
2 Bank of America Merrill Lynch 56,191.48 151 10.49%
3 Wells Fargo Securities 41,077.96 121 7.67%
4 JPMorgan 40,289.36 116 7.52%
5 Credit Suisse 32,165.05 78 6.01%

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Max Adams
Securitization Editor
+1 212 224-3293
max.adams@globalcapital.com

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


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Mark Goodes
+44 (0)207 779 8605
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George Williams
+44 (0)207 779 8274
george.williams@globalcapital.com

 

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 BNP Paribas 9,725 17 21.27
2 JP Morgan 4,494 5 9.83
3 Citi 4,296 9 9.40
4 Bank of America Merrill Lynch (BAML) 3,067 11 6.71
5 Lloyds Bank 2,346 10 5.13

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 61,149.41 174 11.42%
2 Bank of America Merrill Lynch 56,191.48 151 10.49%
3 Wells Fargo Securities 41,077.96 121 7.67%
4 JPMorgan 40,289.36 116 7.52%
5 Credit Suisse 32,165.05 78 6.01%