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) 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%