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 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%