Top stories
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Lloyds offloads Irish mortgages to Barclays
Lloyds Banking Group on Friday announced the sale of its £4.3bn Irish residential mortgage portfolio to Barclays.
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Bull market spurs boom in private label mortgage bonds
US mortgage lenders are resurrecting a private label RMBS market that has lain dormant for several years since the financial crisis, as investors chasing yield show interest in deals with riskier credit and looser underwriting. David Bell reports.
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Argenta readies new Dutch RMBS
Dutch retail bank and insurance provider Argenta Spaarbank announced a new Dutch RMBS this week, comprising 100% Dutch State Guarantee (NHG) loans, led by ABN AMRO and with BNP Paribas acting as joint lead manager.
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New CMBS priced as single loan deals outpace conduits
Bookrunners priced a $901.17m conduit CMBS transaction late Tuesday at tight spreads, although market activity so far in 2018 has skewed further towards single borrower, single asset transactions
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Barclays bolsters US CLO biz with new hires
Barclays has hired a new head of CLO origination and syndication from Citi, as well as hiring two bankers from Natixis to set up a new middle market CLO platform.
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EC marches on with sovereign securitization plans
The European Commission is forging ahead with plans to introduce sovereign bond-backed securities (SBBS), despite market participants’ lack of enthusiasm for the project.
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UK prime RMBS offering enters primary pipeline
Challenger bank and specialist mortgage lender Charter Court Financial Services announced a new sterling prime UK RMBS on Wednesday, led by Lloyds Bank, with Bank of America Merrill Lynch and Natixis acting as joint lead managers.
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Solar ABS issuer Sunnova hires head of finance
Sunnova, one of the handful of residential solar finance companies to have issued asset-backed securitizations, has hired a new head of finance from a sustainability-focused investor.
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Flagstar brings US RMBS market’s first prime investor property deal
JP Morgan and Wells Fargo are arranging a prime US RMBS deal backed by investor properties for Flagstar Bank, the first deal of its kind to hit the market according to Kroll Bond Ratings.
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New CLOs drive market, investors focused on riskier bonds
A handful of new US CLOs are expected to be priced this week, including deals from HPS, Voya and Octagon, as traders say that investors are looking to take advantage of tightening spreads in junior CLO debt.
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UK housing demand soars, but low supply slows growth
Demand for UK housing is outpacing supply, with buyer registrations increasing 22% year over year, but lower sales volumes might weigh on price appreciation according to real estate brokerage Haart.
Go to GlobalCapital's Securitization data pages for our dealflow database, plus details of priced European and US CLOs and structured finance bookrunner league tables.
Latest ABS news
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Latest CMBS news
Latest CLO/CDO news
Latest securitization people & markets news
Latest Asia securitization news
Comment
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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.
Bookrunners of Global Structured Finance
| Rank | Lead Manager | Amount $m | No of issues | Share % |
|---|---|---|---|---|
| 1 | Citi | 45,536.99 | 131 | 11.48% |
| 2 | Bank of America Merrill Lynch | 42,332.13 | 117 | 10.67% |
| 3 | Wells Fargo Securities | 33,822.43 | 98 | 8.53% |
| 4 | JPMorgan | 31,087.25 | 89 | 7.84% |
| 5 | Credit Suisse | 24,807.99 | 61 | 6.25% |
Latest awards
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2016 US Securitization Awards: the winners
On Tuesday May 17, GlobalCapital held its third annual US Securitization Awards dinner at the Pierre Hotel in Manhattan.
Comments? Questions? Tips?
Max AdamsSecuritization Editor
+1 212 224-3293
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
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Latest news by market and league table performance
GlobalCapital European securitization league table
| Rank | Lead Manager/Arranger | Total Volume $m | No. of Deals | Share % by Volume |
|---|---|---|---|---|
|
||||
| 1 | Citi | 4,296 | 9 | 12.88 |
| 2 | BNP Paribas | 3,026 | 10 | 9.07 |
| 3 | Bank of America Merrill Lynch (BAML) | 2,824 | 9 | 8.46 |
| 4 | Lloyds Bank | 2,213 | 9 | 6.63 |
| 5 | Credit Agricole | 2,025 | 6 | 6.07 |
Bookrunners of Global Structured Finance
| Rank | Lead Manager | Amount $m | No of issues | Share % |
|---|---|---|---|---|
| 1 | Citi | 45,536.99 | 131 | 11.48% |
| 2 | Bank of America Merrill Lynch | 42,332.13 | 117 | 10.67% |
| 3 | Wells Fargo Securities | 33,822.43 | 98 | 8.53% |
| 4 | JPMorgan | 31,087.25 | 89 | 7.84% |
| 5 | Credit Suisse | 24,807.99 | 61 | 6.25% |
