Top stories

  • CRT market deepens as Freddie preps new STACR offering

    Freddie Mac is set to price a new iteration of its credit risk transfer programme on Wednesday, with investors saying that the product is becoming the most liquid and tradeable way of accessing US housing credit.

    • 17 Oct 2017

  • Renew prices second 2017 PACE ABS

    Property Assessed Clean Energy (PACE) finance company Renew Financial priced Renew 2017-2 on Tuesday, its second ABS transaction of the year.

    • 17 Oct 2017
  • First Eagle to buy middle market lender NewStar Financial

    First Eagle Investment Management has struck a deal to acquire US middle market lender NewStar. GSO Capital Partners meanwhile will buy a $2.4bn portfolio of middle market loans as part of the deal, a sale that is expected to generate tax refunds that form part of the consideration for the acquisition.

    • 17 Oct 2017
  • BMW lines up first UK auto ABS transaction

    BMW Bank is looking to duplicate the success of its continental European ABS programme with its first UK-backed Bavarian Sky auto ABS transaction.

    • 17 Oct 2017
  • London property price drop not enough to spook RMBS players

    Asking prices for London property fell by 2.5% annually in October, reflecting a growing belief among UK mortgage lenders and investors that the capital’s property boom is slowing, though there is little panic among RMBS market participants.

    • 17 Oct 2017
  • Latest CMBS conduit priced tight as analysts eye rally

    JP Morgan and Deutsche Bank priced the latest conduit CMBS deal at year tight levels last Friday, as analysts predict further tightening in CMBS debt after the market lagged a rally in corporate debt last month.

    • 16 Oct 2017
  • Prosper markets third PMIT consumer loan deal

    Online consumer lender Prosper is marketing its third multi-seller transaction from its PMIT shelf, as market sources tout heightened liquidity as an advantage of the deal format format, which has been used by more and more lenders in 2017.

    • 16 Oct 2017
  • Trouble brewing in US leveraged loans, says S&P

    S&P Global Ratings said on Monday that the US leveraged loan market is increasingly vulnerable to external shocks, as investors pile into the market despite alarm bells ringing over the number of riskier borrowers issuing debt and the weakening of investor protections.

    • 16 Oct 2017
  • Co-op Bank continues deleveraging with surprise Warwick deal

    The Co-operative Bank sold over £1.7bn of UK mortgage notes in its latest Warwick transaction on Friday, surprising many in the market who had little idea that the issuer was actively marketing a new deal.

    • 16 Oct 2017
  • Yorkshire Building Society readies RMBS

    Yorkshire Building Society is selling its first RMBS of the year, continuing the steady surge in UK prime issuance seen since the summer.

    • 16 Oct 2017
  • Belmont Green prices debut RMBS

    UK mortgage lender Belmont Green priced its debut £243.5m RMBS deal late on Thursday, with the bonds heavily bid at the mezzanine level of the capital stack.

    • 13 Oct 2017


The GlobalCapital View logo   Comment

  • Who would want to be Mark Carney?

    The Bank of England is now odds on to raise interest rates at the November meeting of the Monetary Policy Committee in November, after the Consumer Price index reported inflation exceeding 3%, but such a move could tip the UK economy over a cliff.

    • 17 Oct 2017

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Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 98,544.62 277 13.26%
2 Bank of America Merrill Lynch 90,698.73 264 12.20%
3 Wells Fargo Securities 70,282.48 216 9.45%
4 JPMorgan 51,967.93 167 6.99%
5 Credit Suisse 41,545.25 126 5.59%

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Max Adams
Securitization Editor
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New York Reporter
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Graham Bippart

European Securitization and Fixed Income Editor
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Mark Goodes
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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 6,415 22 12.84
2 Citi 5,781 17 11.57
3 BNP Paribas 3,530 14 7.06
4 Credit Suisse 2,783 8 5.57
5 Rabobank 2,633 4 5.27

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 98,544.62 277 13.26%
2 Bank of America Merrill Lynch 90,698.73 264 12.20%
3 Wells Fargo Securities 70,282.48 216 9.45%
4 JPMorgan 51,967.93 167 6.99%
5 Credit Suisse 41,545.25 126 5.59%