Top stories

  • Cleveland Fed responds to P2P research criticism

    Dr Loretta Mester, president of the Cleveland Federal Reserve, has denied that the release of a controversial research paper comparing peer-to-peer (P2P) lending to the pre-crisis subprime mortgage industry was aimed at disrupting the passage of lender friendly legislation proposed by congressman Patrick McHenry.

    • 12 Dec 2017

  • OnDeck grows finance team with balance sheet experts

    Online small business lender OnDeck has hired a pair of senior executives with expertise in asset disposal strategy and balance sheet optimization.

    • 12 Dec 2017
  • EC signals interest in lowering capital charges on green loans

    European Commission vice president, Valdis Dombrovskis, has signalled that capital charges on green mortgages and auto loans could be lowered, a move that would boost the investment appeal of green covered bonds and ABS deals secured on such collateral.

    • 12 Dec 2017
  • Tesla prices latest solar ABS offering as secondary trading grows

    Tesla priced the latest securitization from its SolarCity subsidiary on Friday, pushing total solar ABS volume beyond $1.5bn in 2017 as secondary market activity begins to build.

    • 11 Dec 2017
  • Record December volumes power CMBS to year end

    Issuers have flocked to the CMBS market with deals this month, including the largest commercial real estate CLO since the crisis. With a seven potential deals still to close before year end, this December could be the busiest in a decade, said Bank of America Merrill Lynch analysts.

    • 11 Dec 2017
  • ABS participants shrug off FHA policy reversal

    The Federal Housing Administration (FHA) reversed a July 2016 decision to insure new mortgages on properties with Property Assessed Clean Energy (PACE) assessments in an announcement Thursday, but ABS sources say it is only a blip.

    • 11 Dec 2017
  • Lending Club to wind down 2017 with non-prime offering

    Lending Club filed deal documents midweek for a securitization backed by non-prime consumer loans, the fourth deal to surface from the online platform's CLUB shelf this year.

    • 07 Dec 2017
  • VTB Capital closes Rb48bn agency-backed Russian RMBS

    VTB Capital has completed a Rb48.2bn (€688.3m) residential mortgage backed securitization, guaranteed by the state Agency for Housing and Mortgage Lending guarantee programme.

    • 07 Dec 2017
  • Wendy's deal may not mean hot ‘n' juicy whole biz mart in 2018

    Fast food chain Wendy's priced its latest securitization on Wednesday, bringing the volume of whole business deals in the US to over $7bn this year. But sources said that despite the attractions of ABS over vanilla bond issuance, a slow maturation cycle could lead to a quiet 2018 pipeline for the asset class.

    • 06 Dec 2017
  • Green ABS ripens with PACE secondary growth

    An active secondary market has sprouted in the residential Property Assessed Clean Energy (PACE) ABS sector after two years of watershed growth. A growing volume of tradeable assets is expected in 2018. But the outlook is not so rosy for every area of green securitization, writes Sasha Padbidri.

    • 07 Dec 2017
  • Rare subprime credit card issuer heads to market

    A subprime credit card securitization from Continental Finance surfaced this week to give the yield-hungry something to chew on. But few similar servings are likely to follow given the lack of subprime debt available to be securitized since the financial crisis.

    • 06 Dec 2017


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  • CFPB turmoil could unravel Cordray-era protections

    The leadership tussle at the Consumer Financial Protection Bureau (CFPB) threatens to muzzle the watchdog or even have it put down. Many in the securitization industry would welcome that, but this newspaper is not so keen to bid farewell to Main Street's best friend just yet.

    • 28 Nov 2017
  • UK is offering a Brexit bet with student loan ABS

    The long awaited student loan securitization from the UK Department for Education might be the closest structured finance investors get to being able to bet on the economic effects of the country's exit from the European Union.

    • 28 Nov 2017

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Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 119,693.92 344 12.91%
2 Bank of America Merrill Lynch 99,935.46 287 10.78%
3 Wells Fargo Securities 88,155.55 263 9.51%
4 JPMorgan 69,113.88 208 7.46%
5 Credit Suisse 51,260.05 154 5.53%

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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 Bank of America Merrill Lynch (BAML) 7,026 25 11.95
2 Citi 6,449 21 10.96
3 BNP Paribas 5,093 18 8.66
4 Barclays 4,040 11 6.87
5 Lloyds Bank 3,615 14 6.15

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 119,693.92 344 12.91%
2 Bank of America Merrill Lynch 99,935.46 287 10.78%
3 Wells Fargo Securities 88,155.55 263 9.51%
4 JPMorgan 69,113.88 208 7.46%
5 Credit Suisse 51,260.05 154 5.53%