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) 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 %
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1 Citi 99,250.27 279 13.13%
2 Bank of America Merrill Lynch 91,648.43 266 12.13%
3 Wells Fargo Securities 72,661.39 222 9.61%
4 JPMorgan 52,367.24 169 6.93%
5 Credit Suisse 41,885.89 127 5.54%