Top stories

  • Wells sees value in PL RMBS despite rising competition

    The recent pricing of WFMBS 2018-1, Wells Fargo's first private-label RMBS deal since the financial crisis, is the tip of the iceberg for big banks mulling how best to get back into mortgage securitization.

    • 18 Oct 2018

  • VW’s ABS head Rolf to leave firm as successor waits in wings

    Volkswagen's long standing head of ABS structuring, Stefan Rolf, is set to leave the company by the end of the year. An internal candidate is likely to take over, writes Asad Ali.

    • 18 Oct 2018
  • BPCE expands funding options with first RMBS deal

    The inaugural French RMBS transaction from Bancassurance group BPCE drew increasingly high levels of demand even as spread guidance tightened, leaving the book well oversubscribed across 34 investors on Thursday.

    • 18 Oct 2018
  • Central banks express concern on growth of leveraged lending

    Central banks in the US and UK have both raised concerns in recent weeks on the growth of leveraged loan markets and the potential impact on financial stability.

    • 17 Oct 2018
  • 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.

    • 17 Oct 2018
  • 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 of extra funding.

    • 17 Oct 2018
  • Mortgage finance edges closer to automation

    Obtaining a mortgage in the US has become a long and difficult process since the 2008 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 this week’s Mortgage Bankers Association conference in Washington DC said 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
  • 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 DC on Monday for the Mortgage Bankers Association's annual housing finance conference, with an uncertain outlook for US housing in a heated economy providing the backdrop.

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

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

    • 15 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 105,474.10 301 10.96%
2 Bank of America Merrill Lynch 86,762.28 250 9.02%
3 JPMorgan 81,465.60 238 8.47%
4 Wells Fargo Securities 77,934.65 225 8.10%
5 Credit Suisse 63,570.21 165 6.61%

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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 13,823 26 18.14
2 Bank of America Merrill Lynch (BAML) 8,207 26 10.77
3 Lloyds Bank 7,202 22 9.45
4 Citi 6,256 16 8.21
5 JP Morgan 5,220 8 6.85

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 105,474.10 301 10.96%
2 Bank of America Merrill Lynch 86,762.28 250 9.02%
3 JPMorgan 81,465.60 238 8.47%
4 Wells Fargo Securities 77,934.65 225 8.10%
5 Credit Suisse 63,570.21 165 6.61%