“Pricing is extremely tight, but banks are still awash in deposits, so they’re issuing mostly to diversify funding sources and to lock in the low interest rate.”

—Michael Dean, managing director covering ABS at Fitch Ratings, explaining that he isn’t expecting any drastic changes in credit card ABS issuance despite excitement from some corners of the market that banks are finding increased value there.

  • 05 Oct 2012
“Pricing is extremely tight, but banks are still awash in deposits, so they’re issuing mostly to diversify funding sources and to lock in the low interest rate.”—Michael Dean, managing director covering ABS at Fitch Ratings, explaining that he isn’t expecting any drastic changes in credit card ABS issuance ...

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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) 4,755 19 11.75
2 Citi 4,288 14 10.60
3 Rabobank 2,633 4 6.51
4 Goldman Sachs 2,615 4 6.46
5 Barclays 2,603 8 6.43

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Bank of America Merrill Lynch 57,945.74 181 12.35%
2 Citi 57,243.86 174 12.20%
3 Wells Fargo Securities 48,214.86 152 10.28%
4 JPMorgan 33,301.70 114 7.10%
5 Credit Suisse 25,010.27 80 5.33%