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Securitization Survey

  • Voya prepares to issue second European CLO

    Voya Alternative Asset Management is preparing to issue a €354.32m CLO via Citi, the US manager’s second European CLO since setting up shop in Europe.

    • 25 Apr 2019
  • New York Supreme Court kicks Italian CMBS dispute to Milan

    A legal battle between US private equity firm Blackstone and Italian media group RCS over an Italian CMBS will be settled in Milan, the New York state Supreme Court decided on Wednesday.

    • 25 Apr 2019
  • Barings BDC preps static CLO in pivot back to mid market

    Bank of America is marketing a static CLO for Barings Business Development Company, a subsidiary of the North Carolina-based asset manager, as the sponsor looks to move away from broadly syndicated loans back towards lending into the middle market.

    • 24 Apr 2019
  • Colorado true lender case threatens marketplace ABS trusts

    A Colorado state court ruled earlier this month that marketplace loan ABS trusts that purchase loans originated to customers in the state are subject to local consumer credit laws, raising the potential for lawsuits if loans were originated via partner banks outside of the jurisdiction.

    • 24 Apr 2019
  • Spain's bad bank finds NPLs a bad business

    Spanish bad bank Sareb is reducing NPL portfolio sales in 2019 after increased competition made large sales unprofitable, and is instead focusing on converting NPLs into real estate assets via foreclosure. Tom Brown reports.

    • 24 Apr 2019
  • ESMA lists no ABS authority for Spain under new rules

    A list of competent authorities under article 29 of the new Securitization Regulation published by the European Securities and Markets Authority (ESMA) showed that Spain is still without a securitization regulator, in an example of the teething difficulties of the new European securitization regime.

    • 23 Apr 2019
  • GE Capital's defunct subprime shop files Chapter 11

    WMC Mortgage LLC, the subprime mortgage origination shop owned by GE Capital since 2004, has officially filed for a Chapter 11 reorganization as its parent company attempts to restructure the business and move past legacy costs tied to the financial crisis.

    • 23 Apr 2019
  • LendingClub to end small business loan originations

    LendingClub announced it will close its small business lending unit after five years in operation, as the company shifts to a platform model focused on connecting prospective small business loan applicants to two partner companies.

    • 23 Apr 2019
  • US disaster relief agency issues another flood bond

    The US Federal Emergency Management Agency (FEMA) has returned to the catastrophe bond market to manage risk in its flood insurance programme. The agency is resorting to the insurance-linked security market as it looks to change its financial model.

    • 23 Apr 2019
  • Japanese CLO holdings back in focus as bank earnings loom

    While Japanese regulators opted for 'reg-lite' when determining that CLO holdings did not pose a substantial systemic risk to its domestic banking sector, an opposition to risky overseas investment among Japanese politicians is growing as more cracks show in the nation’s banking sector.

    • 22 Apr 2019


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Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 33,707.86 107 11.65%
2 JPMorgan 26,311.06 76 9.09%
3 Wells Fargo Securities 25,846.25 72 8.93%
4 Bank of America Merrill Lynch 23,273.95 75 8.04%
5 Barclays 17,494.57 59 6.04%

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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

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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

 

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Citi 3,237 10 19.12
2 Goldman Sachs 2,096 5 12.39
3 Morgan Stanley 1,965 5 11.61
4 BNP Paribas 1,686 6 9.96
5 Barclays 1,565 4 9.25

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 33,707.86 107 11.65%
2 JPMorgan 26,311.06 76 9.09%
3 Wells Fargo Securities 25,846.25 72 8.93%
4 Bank of America Merrill Lynch 23,273.95 75 8.04%
5 Barclays 17,494.57 59 6.04%