Liquidity malaise spreads to super-fit European ABS

The European securitisation market’s brazen confidence finally quailed this week, as investors could no longer ignore the weakness in the wider credit markets and cut back their exposure.

  • 20 Jul 2007

Spreads widened on most European ABS, which have remained robust so far this year, although there has been widening in a few sectors with particular credit or oversupply problems: UK non-conforming residential mortgage backed securities, Spanish RMBS and commercial MBS.

Although the unease in global credit markets this year ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Share % by Volume
1 Societe Generale 15.35
2 Rabobank 14.41
3 Morgan Stanley 11.73
4 Barclays 8.99
5 Credit Agricole 7.57

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 27 Feb 2017
1 Wells Fargo Securities 11,897.40 33 11.83%
2 Bank of America Merrill Lynch 9,837.56 29 9.78%
3 Citi 9,714.54 32 9.66%
4 JPMorgan 7,997.38 24 7.95%
5 Credit Suisse 6,335.67 14 6.30%