Top stories


  • Tesla charges up auto ABS deal

    Tesla filed paperwork last week signaling its intention to sell its second ever auto ABS deal.

    • 10 Dec 2018
  • Kroll expands euro securitization offering with first CMBS rating

    Salus European Loan Conduit No.33 DAC, a £367m single asset CMBS, was priced on Friday with marks from Kroll Bond Rating Agency. It is the first European CMBS deal to be rated by the agency since it opened its European operation in 2017.

    • 10 Dec 2018
  • Trinitas V CLO reset delayed as year-end volatility bites securitization

    CLO market sources tell GlobalCapital that Natixis has been unable to successfully market a CLO reset on behalf of Trinitas Capital Management and will delay the offering until early 2019 as investors balk at tight spreads in a highly volatile market.

    • 06 Dec 2018
  • Retail woes drive downgrades of 2014 CMBS

    Fitch Ratings announced on Thursday that it has downgraded four classes of a conduit CMBS deal issued in 2014, with the move driven primarily by troubles at a mall in Pennsylvania that backs one of the loans in the deal.

    • 06 Dec 2018
  • LendInvest primes securitization launch with multiple hires

    LendInvest, a non-bank lender specializing in property lending and which operates an online marketplace lending platform, has boosted its capital markets and treasury team with the addition of four new hires and an internal promotion for the role of treasurer.

    • 06 Dec 2018
  • Starwood hires Deutsche's ex-head of structured credit

    Starwood Capital Group announced on Wednesday that Armin Rothauser will be joining the firm in January to lead Starwood’s newest lending group in transportation, infrastructure and energy.

    • 05 Dec 2018
  • Corp defaults to rise, says Moody’s

    Defaults among borrowers with speculative grade ratings are set to dive at the start of next year, but only for a while, Moody’s said in an outlook report for non-financial corporates this week.

    • 05 Dec 2018
  • Conduit CMBS spreads hover near 18 month wide levels

    US conduit CMBS spreads are hovering around their widest levels since the middle of 2017, having been driven out by macroeconomic volatility that has leaked into fixed income in recent weeks.

    • 04 Dec 2018
  • Private equity jeopardising levfin creditor protections

    Senior credit analysts at Moody’s are warning that the private equity-led proliferation of weak creditor protections in the leveraged loan market may mean a more protracted and challenging default cycle in coming years.

    • 04 Dec 2018
  • Former Obvion treasurer Bronzwaer joins PCS initiative

    Max Bronzwaer, the former treasurer of Obvion, has joined the Prime Collateralised Securities initiative (PCS) as a senior adviser.

    • 04 Dec 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 128,786.28 373 11.20%
2 Bank of America Merrill Lynch 102,784.89 298 8.94%
3 JPMorgan 100,935.67 292 8.78%
4 Wells Fargo Securities 91,306.23 262 7.94%
5 Credit Suisse 75,962.58 202 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 15,084 31 17.18
2 Bank of America Merrill Lynch (BAML) 9,637 29 10.97
3 Citi 8,093 21 9.22
4 Lloyds Bank 7,329 24 8.35
5 JP Morgan 6,580 10 7.49

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 128,786.28 373 11.20%
2 Bank of America Merrill Lynch 102,784.89 298 8.94%
3 JPMorgan 100,935.67 292 8.78%
4 Wells Fargo Securities 91,306.23 262 7.94%
5 Credit Suisse 75,962.58 202 6.61%