• Debt purchaser Hoist preps securitization to fight RWA hike

    Hoist Finance, a Sweden-based debt restructuring firm, has been marketing its debut securitization through Deutsche Bank — an essential part in the firm’s attempt to recover from a regulatory broadside which landed last year.

    • 17 Jul 2019
  • Morningstar, DBRS name heads of combined mortgage rating units

    Morningstar Credit Ratings and DBRS have announced the appointment of the heads of their combined RMBS and CMBS groups following Morningstar’s acquisition of its Canadian rival in May.

    • 16 Jul 2019
  • Westfield Stratford City to refinance 2014 CMBS

    A loan on the Westfield Stratford shopping centre in East London, last securitized in a 2014 CMBS, is being refinanced, with BNP Paribas and HSBC announced as arrangers for a new £750m ($940m) dual tranche offering.

    • 10 Jul 2019
  • Greencoat Investment loses latest court battle in CMBS dispute

    Greencoat Investment, a vehicle associated with Rizwan Hussain's attempts to take control of a pre-crisis CMBS, was dealt a blow this week when a court rejected its application to put the deal into administration. The move, for now, puts paid to efforts to persuade bondholders to tender their holdings.

    • 09 Jul 2019
  • Citi lines up self-storage CMBS deal

    Citi is preparing to issue CGCMT 2019-PRM, a $278m single borrower CMBS deal backed by a portfolio of self-storage properties.

    • 08 Jul 2019
  • Galapagos accidentally pays bond coupon as unsecured creditors reject deal

    German heat exchanger firm Galapagos, which is deep in negotiations over a debt restructuring, accidentally paid a coupon to bondholders last month, despite a deal with secured creditors to waive the payment ahead of a bid to tackle its debt load. Meanwhile, unsecured bondholders rejected proposals from the company and its secured creditors, leading to a threat from Galapagos that the bondholders will be wiped out.

    • 03 Jul 2019

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Citi 4,347 16 16.63
2 BNP Paribas 2,866 11 10.96
3 Morgan Stanley 2,420 6 9.26
4 Goldman Sachs 2,276 6 8.71
5 Bank of America Merrill Lynch (BAML) 2,086 9 7.98

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 58,873.50 192 10.79%
2 JPMorgan 51,400.14 152 9.42%
3 Bank of America Merrill Lynch 41,109.55 134 7.53%
4 Wells Fargo Securities 40,627.46 119 7.45%
5 Credit Suisse 38,293.55 120 7.02%