Top stories

  • 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
  • US mortgage rates touch seven-year highs as yield curve steepens

    According to weekly data released by Freddie Mac, the average 30-year fixed-rate mortgage rate jumped 19 basis points over the past week to 4.90 percent, its largest weekly increase since 2016 and the highest level seen in seven years.

    • 11 Oct 2018
  • Retail, media issuers in focus despite low defaults

    S&P Global said that consumer products, media and oil and gas were the most represented sectors on its list of ‘weakest links’ in sub-investment grade corporate debt, which remains relatively small in a low default environment.

    • 11 Oct 2018
  • Pair of conduits prepped as CMBS sees pickup

    A pair of conduit CMBS deals emerged this week, but volumes of the once staple product of the commercial real estate bond market are lagging last year's figures as floating rate CRE CLOs and single asset deals draw more attention.

    • 10 Oct 2018
  • WeWork bond jumps on SoftBank investment reports

    WeWork’s sole high yield bond rose by three points in secondary trading on Wednesday after reports that Japan’s SoftBank Group was in talks to buy a majority stake in the shared workspace provider.

    • 10 Oct 2018
  • Second UK government student loan ABS hits primary

    The UK government has launched the second securitization of income contingent student loans, roughly a year after the first deal was closed.

    • 10 Oct 2018
  • S&P warns on corporate leverage but investors eye growth

    S&P Global said on Tuesday that a post-crisis borrowing binge has put US corporate leverage at an all-time high, leaving firms vulnerable to downgrades and defaults. But a strong US economy and receptive capital markets are soothing investor concerns for now at least.

    • 09 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 10.94%
2 Bank of America Merrill Lynch 86,347.40 249 9.04%
3 JPMorgan 80,990.39 237 8.47%
4 Wells Fargo Securities 77,934.65 225 8.15%
5 Credit Suisse 63,570.21 165 6.65%

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Max Adams
Securitization Editor
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New York Reporter
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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
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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 10.94%
2 Bank of America Merrill Lynch 86,347.40 249 9.04%
3 JPMorgan 80,990.39 237 8.47%
4 Wells Fargo Securities 77,934.65 225 8.15%
5 Credit Suisse 63,570.21 165 6.65%