This dramatic rise testifies to a commitment to the sector.
RBS has been innovative in the past year. It launched its CMBS Conduit programme, known as Epic, and completed four transactions worth more than $1.58bn. It is now top in the CMBS league tables. It also completed landmark standalone transactions for Canary Wharf (£360m property securitisation tap), for Broadgate (£2.08bn property securitisation tap) for the FIP/Italian Ministry of Finance (€2bn Italian CMBS) and for Trafford Centre Finance (£355m shopping centre securitisation tap).
According to Philip Basil, RBS director for securitisation: “For several years, RBS has had a strong reputation for innovative corporate securitisation transactions, particularly in the UK. Over the last 12 months, we feel we have made great progress at applying these skills more widely across the continental European markets and the financial institutions, real estate and government sectors. I think RBS now has a broadly based securitisation business that competes successfully with the very best in all parts of the market.”
