Euro Q3 Securitization Issuance Down

  • 13 Nov 2007
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Third quarter European securitization issuance was down sharply from the second quarter and from a year ago amid much weaker liquidity levels. European third quarter securitization issuance totaled €89.5 billion ($130.71 billion)compared to €164.8 billion ($240.66 billion)in the second quarter of 2007 and €113.5 billion ($165.75 billion)in the year ago third quarter period.

The latest quarter’s issuance put outstanding volume of European securitization at €1.32 trillion ($1.93 trillion) most of which is AAA rated. “Almost 80% of outstanding by current rating is AAA, while mezzanine tranches (typically A and BBB-rated securities) represent 10.6%,” said Rick Watson, managing director and head of the European Securitization Forum.

  • 13 Nov 2007

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) 4,755 19 11.75
2 Citi 4,288 14 10.60
3 Rabobank 2,633 4 6.51
4 Goldman Sachs 2,615 4 6.46
5 Barclays 2,603 8 6.43

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 24 Jul 2017
1 Bank of America Merrill Lynch 57,945.74 181 12.35%
2 Citi 57,243.86 174 12.20%
3 Wells Fargo Securities 48,214.86 152 10.28%
4 JPMorgan 33,301.70 114 7.10%
5 Credit Suisse 25,010.27 80 5.33%