Top stories
-
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 is already drawing heavy demand from investors.
-
Janus to challenge Blackrock, Vanguard with new 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.
-
Capital injection 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) that sit 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.
-
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.
-
LaSalle sticks to its guns as Blackstone builds out high-end urban hotel portfolio
Real estate investment trust LaSalle Hotel Properties on Monday batted down yet another takeover bid from Pebblebrook Hotel Trust, nearly one month after LaSalle 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.
-
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.
-
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.
-
Range of CMBS deals line up as market heads into summer
A flurry regulatory documents filed on Thursday and Friday point to a number of CMBS deals hitting the market this week, including conduit deals from Wells Fargo and UBS and several single asset-single borrow (SASB) deals. CRE CLOs are also on the radar, as that market experiences a "frenzy" of activity.
-
Euro ABS pipeline swells post-conference
The primary European ABS market has sparked to life since the annual Global ABS event in Barcelona earlier this month, with announcements last week of German-Dutch CMBS, Spanish RMBS, UK RMBS and Italian NPL deals, as well as a prime UK credit card ABS announced on Monday.
-
Freddie's CRT programme reaches $1tr mark but collateral running short
Freddie Mac has officially transferred more than $1tr worth of mortgage risk via its credit risk transfer (CRT) RMBS programme, bringing the total amount of mortgage principal risk shifted away from both Fannie Mae and Freddie Mac since 2013 to over $2.25tr.
-
Pair of single borrower CMBS price, while CRE CLOs see more action
A pair of single borrower deals were priced this week — the hotel-backed AHTP 2018-ATRM and WFCM 2018-1745, a securitization of a $319m loan partially used to refinance an office complex on 1745 Broadway in New York. Meanwhile, the market for commercial real estate CLOs is showing no signs of fatigue.
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
-
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.
Bookrunners of Global Structured Finance
| Rank | Lead Manager | Amount $m | No of issues | Share % |
|---|---|---|---|---|
| 1 | Citi | 60,171.95 | 171 | 11.52% |
| 2 | Bank of America Merrill Lynch | 54,980.53 | 146 | 10.53% |
| 3 | Wells Fargo Securities | 39,794.15 | 117 | 7.62% |
| 4 | JPMorgan | 39,624.65 | 113 | 7.59% |
| 5 | Credit Suisse | 30,978.90 | 74 | 5.93% |
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
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 | 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 % |
|---|---|---|---|---|
| 1 | Citi | 60,171.95 | 171 | 11.52% |
| 2 | Bank of America Merrill Lynch | 54,980.53 | 146 | 10.53% |
| 3 | Wells Fargo Securities | 39,794.15 | 117 | 7.62% |
| 4 | JPMorgan | 39,624.65 | 113 | 7.59% |
| 5 | Credit Suisse | 30,978.90 | 74 | 5.93% |
