FFELP Paper Is Downgrade’s Biggest Loser

Student loan asset-backed securities made via the Federal Family Education Loan Program took the most direct hit of any ABS consumer asset class during last week’s market turmoil, according to Amy Sze, ABS strategist at JPMorgan.

  • 15 Aug 2011
Student loan asset-backed securities made via the Federal Family Education Loan Program took the most direct hit of any ABS consumer asset class during last week’s market turmoil, according to Amy Sze, ABS strategist at JPMorgan. Spreads on the three-year AAA-rated FFELP bonds widened 10 basis points, bringing ...

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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 98,446.48 276 13.35%
2 Bank of America Merrill Lynch 90,174.33 262 12.23%
3 Wells Fargo Securities 70,282.48 216 9.53%
4 JPMorgan 51,967.93 167 7.05%
5 Credit Suisse 41,447.11 125 5.62%