Top stories


  • Goldman vehicle provides risk retention for Dutch RMBS issuer

    Frequent Dutch RMBS originator, Elan Woninghypotheken (EW), is back with its second deal of the year, with risk retention provided by a Goldman Sachs-controlled private financing vehicle based in Luxembourg.

    • 15 Nov 2018
  • CRE debt market shifts as banks pull back and funds step in

    Commercial real estate financiers at a conference in New York on Thursday discussed the changing nature of their business, which has seen many large banks shun “commoditized” lending for CMBS deals while debt funds use repo and warehouse financing to gobble up a larger slice of US commercial real estate lending.

    • 15 Nov 2018
  • Eagle Point partners with wealth advisor to bring CLOs to high net worth buyers

    Investment adviser Alexandria Capital is teaming up with credit firm and CLO investor Eagle Point Credit Management to bring CLO investing opportunities to more family offices and high net worth individuals.

    • 14 Nov 2018
  • NIBC to re-ignite Dutch RMBS programme after long dry spell

    Following the successful debut issuance of £250m senior preferred bonds last week, NIBC's latest transaction, Dutch MBS XIX, brings them back to the securitization market for the first time since January 2013.

    • 14 Nov 2018
  • Goldman Special Situations Group issues loan-backed notes

    The Special Situations Group at Goldman Sachs has structured private financing vehicles based in Luxembourg, which package up bundles of loans made by the group with an average rating of B/B-. The vehicle will also hold risk retention interests for Goldman-sponsored securitizations.

    • 14 Nov 2018
  • CMBS pay-off rate hits post-crisis high in October

    The percentage of CMBS loans that were paid off at maturity surged in October, according to Trepp, hitting the highest level since the commercial real estate data provider began tracking the figures, in 2008.

    • 13 Nov 2018
  • Swollen Cali wildfire risk hits insurance, ILS sectors

    Camp Fire is the most destructive wildfire in California’s history and the latest sign that insurers in the state are facing a recurring threat from blazes. Within the catastrophe bond market, the recent events have focused minds on insurance losses as usual, but also on the utility companies that have issued securities to cover their liability for losses.

    • 13 Nov 2018
  • Securitization hedge fund LibreMax buys CLO manager

    LibreMax, the securitization-focused hedge fund started by famed crisis-era ABS trader Greg Lippmann, is betting on the continued bull run of the CLO market with the acquisition of Trimaran Advisors.

    • 12 Nov 2018
  • Wells analysts see shades of 2013 ‘taper tantrum’ in autumn volatility

    Looking at the broad-based volatility battering financial markets this autumn, analysts at Wells Fargo have spotted similarities between "red October" and the 2013 taper tantrum, with one notable exception — the absence of a major investor to help reduce volatility and absorb new supply.

    • 12 Nov 2018
  • Northview UK RMBS joins November deal flow

    New issue euro ABS announcements have slowed to a trickle in November. Deals still making their way through the pipeline include two CMBS deals – Arrow 2018 and Oranje ELOC 32 – a UK credit card ABS, a Spanish SME CLO and a student loan ABS deal. On Monday, Northview Group added to those deals with a £327m non-conforming RMBS transaction.

    • 12 Nov 2018


The GlobalCapital View logo   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.

    • 28 Aug 2018

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Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 117,398.62 338 11.04%
2 Bank of America Merrill Lynch 94,721.79 272 8.91%
3 JPMorgan 92,612.23 269 8.71%
4 Wells Fargo Securities 82,597.19 239 7.77%
5 Credit Suisse 69,442.99 183 6.53%

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Max Adams
Securitization Editor
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New York Reporter
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Graham Bippart

European Securitization and Fixed Income Editor
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Mark Goodes
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George Williams
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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 BNP Paribas 14,443 29 18.07
2 Bank of America Merrill Lynch (BAML) 8,264 27 10.34
3 Lloyds Bank 7,329 24 9.17
4 Citi 6,748 19 8.44
5 JP Morgan 5,220 8 6.53

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 117,398.62 338 11.04%
2 Bank of America Merrill Lynch 94,721.79 272 8.91%
3 JPMorgan 92,612.23 269 8.71%
4 Wells Fargo Securities 82,597.19 239 7.77%
5 Credit Suisse 69,442.99 183 6.53%