Cats and cards ahead for ABS

Primary issuance in the European securitisation market is expected to improve after the summer break, despite there being just two small transactions in the pipeline. Capital One (Europe) is expected to issue unrated ABS notes backed by credit card receivables, while Hannover Re is preparing Eurus III, a €75m natural catastrophe bond.

  • 29 Aug 2012
Capital One (Europe) is preparing a securitisation backed by UK credit cards, Carlisle Castle 2012-A, according to ratings reports. Fitch says CapOne has added around 620,000 accounts, with a total receivables balance of around £290m, to the trust, as of 21 August 2012. The pool is made up ...

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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) 3,865 12 12.83
2 Citi 2,800 7 9.29
3 Credit Agricole 2,254 6 7.48
4 Goldman Sachs 2,150 3 7.14
5 Barclays 2,006 6 6.66

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 12 Jun 2017
1 Citi 46,714.29 133 12.73%
2 Bank of America Merrill Lynch 43,017.27 121 11.73%
3 Wells Fargo Securities 36,865.83 105 10.05%
4 JPMorgan 25,897.27 79 7.06%
5 Credit Suisse 19,055.29 50 5.19%