Aircraft Investors Worry About Legacy Underperformance As New Issuance Markets

Goldman Sachs has structured two new aircraft securitizations in what would be a rare pair of deals to appear in debt markets. That’s getting investors excited about new supply, but they’re also expressing concerns over legacy aircraft deals, which are underperforming the rest of the asset-backed market.

  • By Matthew Scully
  • 14 Feb 2014

--Matt Scully

Goldman Sachs has structured two new aircraft securitizations in what would be a rare pair of deals to appear in debt markets. That’s getting investors excited about new supply, but they’re also expressing concerns over legacy aircraft deals, which are under-performing the rest of the asset-backed market. ...

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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) 6,665 23 12.97
2 Citi 5,781 17 11.25
3 BNP Paribas 3,715 15 7.23
4 Barclays 2,853 9 5.55
5 Credit Suisse 2,783 8 5.42

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 99,250.27 279 13.11%
2 Bank of America Merrill Lynch 92,153.61 267 12.17%
3 Wells Fargo Securities 72,661.39 222 9.59%
4 JPMorgan 52,367.24 169 6.91%
5 Credit Suisse 41,885.89 127 5.53%