Top stories

  • CLO resets needed to build ‘runway’ for downturn: Eagle Point

    Tom Majewski, CEO of US CLO equity investment firm Eagle Point, said on Tuesday that the firm was focused on resetting existing CLOs in which it held majority equity positions in order to improve the arbitrage in the structures and also build “runway” for the company to benefit from when the loan market eventually suffers a downturn.

    • 15 Aug 2018
  • Are shifting consumer habits squeezing structured finance?

    As Americans across generations, and specifically younger cohorts, delay major life events such as marriage, rent their homes over owning them, shun office life and generally upend the behaviors that defined past generations, the engines that drive US structured finance have slowed. GlobalCapital investigates.

    • 14 Aug 2018

  • Fitch sounds off on poor methodology, ratings shopping in RMBS

    Once dominated by the 'big three' agencies, the RMBS ratings industry has welcomed new entrants into the market after the financial crisis tarnished incumbents' reputations. But Fitch Ratings is telling investors this week to be wary of the competition.

    • 15 Aug 2018
  • Strong euro securitization pipeline seen for September

    Securitization bankers are expecting a strong issuance pipeline following the summer lull, with issuers said to be looking further ahead and planning their funding and capital structures more carefully than in the past. Issuers said to be scoping the market include Virgin Money, and NewDay credit cards.

    • 15 Aug 2018
  • CMBS players unfazed by growing macro headwinds

    Analysts at Bank of America Merrill Lynch argued on Monday that a tide of pressures — a flattening yield curve, trade wars and ballooning corporate bond issuance — will soon turn against the CMBS market. But some players in the sector claim the macro narrative is well overplayed.

    • 14 Aug 2018
  • Payment receivables deals give Turkish banks hard currency lifeline

    Diversified payment receivables securitizations, a deal structure used extensively by Turkey’s big banks, could be a vital route to help these institutions access more hard currency term funding, as the crisis in the country deepens. But these deals have increasingly relied on development institutions in recent years, rather than private demand.

    • 14 Aug 2018
  • Diamond Resorts set to issue timeshare ABS

    Diamond Resorts is issuing a $300m securitization backed by timeshare loans.

    • 13 Aug 2018
  • BAML securitization outlook turns bearish

    Bank of America Merrill Lynch analysts turned bearish on securitization markets this week, saying that the growing US-China trade war and a flatter US Treasury curve were strong reasons to start taking risk off the table.

    • 13 Aug 2018
  • Freddie Mac seasoned CRT, Starwood flagship RMBS deals price

    A number of non-agency RMBS deals were priced at the end of last week, including private label deals from Starwood and Redwood and a seasoned credit risk transfer (CRT) deal from Freddie Mac.

    • 13 Aug 2018
  • US levfin volumes jump after strong earnings season

    Both the US high yield and leveraged loan markets absorbed a flurry of deals at the end of last week, after second quarter results painted a strong picture for corporate earnings.

    • 13 Aug 2018
  • Judge swats down Clifden’s ‘unprincipled asset grab’

    Instead of acting as the saviour of note holders of a distressed pre-crisis CMBS, Clifden IOM’s recent actions were an attempt to profit from the hurriedly arranged appointment of a deal administrator for the Fairhold transaction. It was an ‘unprincipled asset grab’ a High Court Judge told the court on Friday.

    • 13 Aug 2018
  • GSEs inch closer to single securitization platform

    Fannie Mae and Freddie Mac, the government-sponsored enterprises at the heart of US housing finance, are less than a year away from launching a common securitization platform that will rebalance the market to make a more level playing field for their respective securities.

    • 09 Aug 2018


The GlobalCapital View logo   Comment

  • Secrecy is not an option

    A panel on gender parity in the workplace, hosted by Women’s Energy Network (WEN) last Wednesday in New York, pulled no punches in demanding that Wall Street stop hiding behind a culture that uses settlements to deal with sexual misconduct.

    • 20 Mar 2018

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Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 80,818.31 235 11.57%
2 Bank of America Merrill Lynch 66,338.04 186 9.50%
3 Wells Fargo Securities 56,344.19 164 8.07%
4 JPMorgan 53,381.65 156 7.64%
5 Credit Suisse 44,872.46 115 6.43%

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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 10,542 20 17.55
2 Bank of America Merrill Lynch (BAML) 6,103 21 10.16
3 Citi 5,130 13 8.54
4 JP Morgan 4,681 6 7.79
5 Morgan Stanley 4,137 11 6.89

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 80,818.31 235 11.57%
2 Bank of America Merrill Lynch 66,338.04 186 9.50%
3 Wells Fargo Securities 56,344.19 164 8.07%
4 JPMorgan 53,381.65 156 7.64%
5 Credit Suisse 44,872.46 115 6.43%