European ABS starts hard march to recovery with GMAC mortgages

The European securitisation market achieved a tentative reopening this week, after nearly three months of silence, as GMAC RFC priced a Eu703m securitisation of its Dutch non-conforming mortgages.

  • 26 Oct 2007

Since early August the market has been through what is probably the worst period in its history. A serene landscape in which deals of up to £7bn were placed easily at tight spreads was ruined by a global aversion to structured finance.

GMAC’s deal is the first step ...

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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) 3,319 10 12.84
2 Citi 2,562 6 9.92
3 Goldman Sachs 2,150 3 8.32
4 Credit Suisse 1,822 6 7.05
5 Societe Generale 1,814 4 7.02

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 22 May 2017
1 Citi 41,255.30 117 12.99%
2 Bank of America Merrill Lynch 37,631.92 109 11.85%
3 Wells Fargo Securities 32,082.26 89 10.11%
4 JPMorgan 20,969.41 64 6.60%
5 Credit Suisse 16,754.47 44 5.28%