(12/31/2008)
Global CMBS Bookrunners in 2008
2008 Issuance ($Mil.)
No. of Deals
Market Share (%)
2007 Issuance ($Mil.)
’07-’08 % Chg.
1
Anglo Irish Bank
$8,372.0
2
28.6
$0.0
0
0.0
Bank of America
4,289.1
4
14.6
19,826.8
11
6.3
-78.4
3
Morgan Stanley
2,851.0
5
9.7
45,573.4
37
14.4
-93.7
Hypo Real Estate
2,028.7
6.9
878.1
0.3
131.0
Merrill Lynch
1,281.3
4.4
24,413.6
19
7.7
-94.8
6
Citigroup
1,213.3
4.1
15,615.8
15
4.9
-92.2
7
Deutsche Bank
1,211.9
20,063.4
14
6.4
-94.0
8
J.P. Morgan
1,165.9
4.0
26,877.2
10
8.5
-95.7
9
Lehman Brothers
1,068.3
3.6
28,304.8
16
9.0
-96.2
UBS
948.3
3.2
4,473.3
1.4
-78.8
Goldman Sachs
773.0
2.6
12,074.5
3.8
-93.6
12
Rabobank
724.7
2.5
4,451.9
-83.7
13
Bear Stearns
616.9
2.1
16,753.3
17
5.3
-96.3
Investec
603.2
203.8
0.1
196.0
Royal Bank of Scotland
572.4
2.0
14,558.6
4.6
-96.1
Credit Suisse
443.6
1.5
26,084.7
8.3
-98.3
ORIX
284.0
1.0
326.2
-12.9
18
Mizuho Securities
246.5
0.8
HwangDBS
181.8
0.6
132.8
36.9
20
ABN Amro
119.3
0.4
4,524.5
-97.4
21
HSH Nordbank
116.6
22
Rand Merchant Bank
79.8
224.7
-64.5
23
Nomura
67.0
0.2
24
Calyon
65.1
1,369.2
-95.2
OTHERS
48,769.1
57
15.5
-100.0
TOTAL
29,323.7
34
100.0
315,499.6
191
-90.7
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