Confident end to week as secondary jitters subside

Renewed fears about the future of the eurozone after this week’s failure by Cypriot politicians to approve a European bail-out of their country have had little effect on ABS spreads. The market, which started the week watchfully, finished on a more confident note.

  • 22 Mar 2013
ABS prices tend to be swayed by only the most serious and sustained macroeconomic noise. Cyprus’s decision to tax bank deposits as part of its effort to raise the funds demanded by the EU, and its subsequent failure to gain parliamentary approval for the move, does not yet ...

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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 13.04%
2 Bank of America Merrill Lynch 92,153.61 267 12.10%
3 Wells Fargo Securities 72,661.39 222 9.54%
4 JPMorgan 52,367.24 169 6.88%
5 Credit Suisse 41,885.89 127 5.50%