Top stories


  • Issuer readies rare life sciences securitization

    A business development company that specializes in making loans to venture capital backed life sciences and technology companies is in the market this week with a $200m securitization.

    • 08:00 PM
  • Investor demand allows VW to pocket extra funding with latest ABS

    Volkswagen Bank’s VCL 27 auto lease ABS deal garnered enough investor demand this week to allow VW to upsize the deal and bank roughly €200m extra funding.

    • 05:15 PM
  • Mortgage finance edges closer to automated underwriting and digitalization

    Obtaining a mortgage has been a famously long and difficult process, especially since the crisis. But can a mix of upstart financial technology firms and industry veterans meet the challenge of adapting mortgages to the digital economy? Participants at the Mortgage Bankers Association conference in Washington, DC this week say the market is certainly headed in that direction.

    • 16 Oct 2018
  • Generous debt baskets risk loan recovery prospects, says Fitch

    Fitch Ratings said on Tuesday that the increasing ability of leveraged borrowers to add additional debt without investor pushback would adversely affect the recovery rates for lenders in the event of a default.

    • 16 Oct 2018
  • US department store Sears files for long awaited bankruptcy

    Sears filed for Chapter 11 bankruptcy on Monday as a $134m interest payment came due and efforts to restructure the firm’s debt out of court failed.

    • 15 Oct 2018
  • Mixed outlook for US housing emerges at DC industry summit

    Industry executives and federal regulators descended on Washington D.C. on Monday for the Mortgage Bankers Association's annual housing finance conference, with the meeting producing an uncertain outlook for US housing in a heated economy.

    • 15 Oct 2018
  • Yellen eyes end of red hot US economic performance

    Dr. Janet Yellen, former chairwoman of the Federal Reserve, told attendees at the annual meeting of the Mortgage Bankers Association in Washington D.C. on Monday that she is expecting US economic growth to slow by 2020 as the central bank raises rates to counter inflation.

    • 15 Oct 2018
  • More unsolicited comments on the way as late cycle ABS heats up, says Fitch

    Fitch Ratings said on Monday that it expects to issue unsolicited ratings more frequently on deals it has not been mandated to rate, as the rating agency looks to respond to more widespread late-cycle lending behaviour in securitization markets.

    • 15 Oct 2018
  • UK RMBS pricing dodges fresh Brexit angst

    A pair of UK RMBS deals offering exposure to non-conforming and second lien mortgage pools were sold to investors on Friday, with both deals successfully placed just before a fresh round of Brexit jitters surfaces this week.

    • 15 Oct 2018
  • ABS veteran takes director role at Amundi Pioneer

    Duke University professor and former co-founder of Smith Breeden, Douglas T. Breeden, has taken up a position with Amundi Pioneer as director of securitized assets and portfolio manager.

    • 12 Oct 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 104,581.71 299 10.92%
2 Bank of America Merrill Lynch 86,347.40 249 9.02%
3 JPMorgan 80,990.39 237 8.46%
4 Wells Fargo Securities 77,934.65 225 8.14%
5 Credit Suisse 63,570.21 165 6.64%

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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
mark.goodes@globalcapital.com

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 13,295 25 18.56
2 Bank of America Merrill Lynch (BAML) 8,059 25 11.25
3 Lloyds Bank 6,979 21 9.74
4 Citi 6,256 16 8.73
5 JP Morgan 5,220 8 7.29

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 104,581.71 299 10.92%
2 Bank of America Merrill Lynch 86,347.40 249 9.02%
3 JPMorgan 80,990.39 237 8.46%
4 Wells Fargo Securities 77,934.65 225 8.14%
5 Credit Suisse 63,570.21 165 6.64%