Low yields spark esoteric ABS buying frenzy

Prolonged low interest rates and more mature whole business and container industries have drawn investors to play in the growing world of ‘non-traditional’ ABS, with demand for esoteric asset classes expected to stay strong in the second half of the year.

  • By Sasha Padbidri
  • 13 Jul 2017

Esoteric ABS, such as whole businesses and container leases, saw an increase in deal volume in the first half of the year, driving the broader esoteric sector past $18bn of issuance in 2017, up from $12bn in the same period of 2016, according to S&P Global Ratings analysts.

“In ...

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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) 7,026 25 11.95
2 Citi 6,449 21 10.96
3 BNP Paribas 5,093 18 8.66
4 Barclays 4,040 11 6.87
5 Lloyds Bank 3,615 14 6.15

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 110,142.00 315 13.01%
2 Bank of America Merrill Lynch 95,965.47 280 11.34%
3 Wells Fargo Securities 81,461.44 248 9.63%
4 JPMorgan 58,998.35 186 6.97%
5 Credit Suisse 44,382.59 136 5.24%