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Securitization Survey

  • Fed chair plays down fear of corp debt bust despite near-record high

    Business debt has reached near record levels that should give businesses and investors reason to “pause and reflect”, warned Jerome Powell, chair of the US Federal Reserve, this week.

    • 23 May 2019
  • HSBC leads banks in selling packaged trade finance

    HSBC has started a programme to sell some of its trade finance exposures in packaged, investor-friendly format, threatening a lucrative niche until now occupied by firms such as Greensill Capital. The bank, the largest trade finance lender in the world, has worked with AllianzGI to sell the short dated bond-like assets.

    • 23 May 2019
  • Market anxiety around subprime auto sector growing

    Market participants believe the performance of subprime auto loans is likely to deteriorate in the near term, a new survey published this week found.

    • 22 May 2019
  • NoChu reports growing CLO portfolio, weak financials

    Japan's Norinchukin Bank revealed in its full year 2018 earnings presentation Wednesday that it had grown its CLO holdings by 8.8% during the first quarter of 2019, although a look at its books reveals a bank that is aggressively pursuing yield beyond its borders.

    • 22 May 2019
  • Planned sale of Tesco mortgage book kicks up fears of fresh ‘mortgage prisoners’

    Tesco Bank is looking to sell its £3.7bn mortgage book after announcing that it will cease new mortgage originations. The lender is exploring options to facilitate a complete transfer, but the news has drawn attention to a bill proposed in the UK parliament which would grant borrowers the ability to transfer mortgages between providers.

    • 22 May 2019
  • Blackstone Vivaldi CMBS prices wide of guidance

    Blackstone’s €222.23m Deutsche-led Vivaldi CMBS was priced on Tuesday evening, with senior notes sold at 190bp over three month Euribor, wide of the 100bp mark the issuer was aiming for at price guidance.

    • 22 May 2019
  • Dollar Libor fallbacks for securitization coming next week

    The Alternative Reference Rates Committee (ARRC) is set to release fallback language next week that would prescribe how Libor-linked securitizations would adopt an alternative benchmark in the absence of the traditional inter-bank rate.

    • 21 May 2019
  • Dine Brands cooks up whole biz refi ABS

    Dine Brands, parent company of Applebee’s and IHOP, is coming back to market with a $1.72bn whole business deal that will pay off outstanding ABS notes.

    • 21 May 2019
  • DFG poaches Crescent Capital exec

    As it continues to boost its platform, CLO manager DFG Investment Advisers announced on Tuesday that it has hired John Hwang as a director in its leveraged credit team.

    • 21 May 2019
  • GSEs must decide their own fates, FHFA chief says

    Federal Housing Finance Agency chief Mark Calabria said on Monday that he expects the government-sponsored enterprises to decide their own paths out of conservatorship in the coming years, rather than have the housing regulator lay out a controlled plan for their privatisation.

    • 20 May 2019


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Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 40,734.72 129 10.87%
2 JPMorgan 33,785.84 96 9.02%
3 Wells Fargo Securities 31,464.27 90 8.40%
4 Bank of America Merrill Lynch 29,270.38 93 7.81%
5 Credit Suisse 23,189.41 72 6.19%

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Max Adams
Securitization Editor
+1 212 224-3293
max.adams@globalcapital.com
Alexander Saeedy
US Reporter
+1 212 224-3292

alexander.saeedy@globalcapital.com

Jennifer Kang

US Reporter
+1 212 224-3297
jennifer.kang@globalcapital.com

Tom Brown

European Reporter

+44 207 779 8602

tom.brown@globalcapital.com

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Mark Goodes
+44 (0)207 779 8605
mark.goodes@globalcapital.com

Phil Huntsman
+1 212 224-3294
phil.huntsman@globalcapital.com

 

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Citi 3,691 11 20.70
2 Morgan Stanley 2,420 6 13.57
3 Goldman Sachs 2,096 5 11.75
4 BNP Paribas 1,686 6 9.45
5 Barclays 1,565 4 8.78

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 40,734.72 129 10.87%
2 JPMorgan 33,785.84 96 9.02%
3 Wells Fargo Securities 31,464.27 90 8.40%
4 Bank of America Merrill Lynch 29,270.38 93 7.81%
5 Credit Suisse 23,189.41 72 6.19%