Not quite a feast, but clutch of deals eases ABS famine

The European ABS pipeline is at its most full and varied all year. That might not be saying much in a year of slow supply, but the prospect of a debut French credit card securitization along with the return of Mercedes-Benz and other auto and equipment deals has given ABS syndicate bankers something to smile about.

  • By Joseph McDevitt
  • 01 Nov 2013

Carrefour Banque has decided to sell a debut credit card ABS — a very rare asset class in continental Europe. Until now, cards have been dominated by the established UK market.

“I don’t remember seeing any card deals outside the UK,” said one syndicate banker. “Most European lenders don’t have ...

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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%