Global CMBS issuance is at $26.2 billion year-to-date, according to Dealogic numbers released late last week.
This is the highest year-to-date volume since 2007, which was when it reached a record-high of $197 billion over the same period, the data firm added.
Dealogic noted that on May 18, GS Mortgage Securities Trust priced a twelve-tranche $1.6 billion offering led by Goldman Sachs, Citigroup, and Jefferies. The securitization is the largest CMBS offering since June 2011.
CMBS issuance comprises 11% of global MBS volume in 2012 year-to-date, the company stated. This is compared to a 7% share during the same 2011 time period, which is the largest portion since 20% in 2007 year-to-date.
RMBS issuance, at $212.5 billion year-to-date, has decreased to an 89% of total MBS volume, which is the lowest year-to-date portion since 2007 at 80%, Dealogic said.
Global MBS issuance is now at $240.1 billion in 2012 year-to-date, a 32% decrease on the same period in 2011 at $357.4 billion. It is also the lowest year-to-date volume since 2009 at $153.5 billion, the firm stated.
JPMorgan Securities is on top of the global CMBS volume league table with a 17.2% share. The underwriter is followed by Wells Fargo Securities and Barclays, which have 12.0% and 9.7% respectively, Dealogic said.