Market braces for Lehman ABS defaults and firesales

The fate of billions of euros of asset backed securities sponsored by Lehman Brothers, or with the bank as a counterparty, hangs in the balance as Moody’s announced a sweeping review of all such transactions with others expected to follow. Analysts predicted downgrades and defaults in the underlying loans. The threat of forced sales of its real estate assets and asset backed securities also looms large in an already febrile market.

  • 16 Sep 2008
Lehman was one of the UK’s largest sponsors of non-conforming residential mortgage backed securities with several lenders under the Eurosail programme having issued Eu17bn face value of notes. It also has a Dutch subsidiary, ELQ Hypotheken. A Lehman subsidiary, Capstone Mortgage Services, acts as servicer and/or special servicer ...

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All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 13 Mar 2017
1 JPMorgan 94,925.33 384 8.39%
2 Citi 87,531.58 331 7.74%
3 Bank of America Merrill Lynch 84,341.49 288 7.46%
4 Barclays 75,288.19 241 6.66%
5 Goldman Sachs 68,504.71 208 6.06%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 16 May 2017
1 Deutsche Bank 19,381.65 47 8.82%
2 Bank of America Merrill Lynch 18,968.25 36 8.63%
3 HSBC 18,103.95 50 8.24%
4 BNP Paribas 8,911.57 55 4.05%
5 SG Corporate & Investment Banking 8,885.00 54 4.04%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 23 May 2017
1 JPMorgan 8,714.26 35 8.36%
2 UBS 8,283.47 33 7.95%
3 Goldman Sachs 7,736.57 37 7.42%
4 Citi 6,897.11 46 6.62%
5 Bank of America Merrill Lynch 6,215.31 24 5.96%