Euro ABCPs Resilient And Ripe For The Picking

European and global asset-backed commercial paper conduits have proven the most resilient securitization products through the credit crunch, and outstanding issuances are expected to be snapped up quickly, according to industry officials.

  • 04 Jun 2008
--Cristina Pittelli

European and global asset-backed commercial paper conduits have proven the most resilient securitization products through the credit crunch, and outstanding issuances are expected to be snapped up quickly, according to industry officials. There is north of $100 billion ABCP outstanding in the European market, and $772 million ...

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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 %
  • Last updated
  • Today
1 Citi 99,250.27 279 13.04%
2 Bank of America Merrill Lynch 92,153.61 267 12.10%
3 Wells Fargo Securities 72,661.39 222 9.54%
4 JPMorgan 52,367.24 169 6.88%
5 Credit Suisse 41,885.89 127 5.50%