First Shariah-Compliant ABS From Russia To Hit Mart

The first Shariah-compliant asset-backed securitization from Russia is in the works and is expected to close in the first quarter of 2009.

  • 24 Sep 2008

--Cristina Pittelli

The first Shariah-compliant asset-backed securitization from Russia is in the works and is expected to close in the first quarter of 2009. The $100-200 million deal from Deutsche Bank, which will be backed by Russian factoring receivables, is also thought to be the first Shariah-compliant deal originated ...

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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%