BarCap To Sell Long Awaited U.K. ABS To U.S. Buyers

Barclays Capital is marketing Barclays Bank’s Gracechurch Card Program Funding series 10-1 to third-party U.S. investors.

  • 16 Nov 2010

-- Daniel O’Leary

Barclays Capital is marketing Barclays Bank’s Gracechurch Card Program Funding series 10-1 to third-party U.S. investors. The deal’s senior $500 million notes, backed with U.K. credit card receivables, is being marketed to U.S. investors at 60 basis points plus one-month LIBOR, according to an official close ...

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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

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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%