Santander Buyback Seen Having Limited Impact (update)

Banco Santander’s repurchase of €16.5 billion ($23.65 billion) of its asset-backed securities is a positive sign for the market, but its repercussions are likely to remain restricted to Spain.

  • 25 Aug 2009

-- Daniel O’Leary

Banco Santander’s repurchase of €16.5 billion ($23.65 billion) of its asset-backed securities is a positive sign for the market, but its repercussions are likely to remain restricted to Spain. Rob Ford, portfolio manager at TwentyFour Asset Management in London, expected the prices tendered were carefully calculated ...

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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 13.11%
2 Bank of America Merrill Lynch 92,153.61 267 12.17%
3 Wells Fargo Securities 72,661.39 222 9.59%
4 JPMorgan 52,367.24 169 6.91%
5 Credit Suisse 41,885.89 127 5.53%