ABS Issuer Reluctance Remains Despite Tightening Spreads

Spreads in the European asset-backed securities market are tightening, but not enough to entice banks into new issuance.

  • 01 Oct 2007

—Hugh Leask

Spreads in the European asset-backed securities market are tightening, but not enough to entice banks into new issuance. Chander Gupta, an ABS trader at The Royal Bank of Scotland in London, said spreads for AAA tranches of U.K. ABS from first-tier issuers are around 35 basis points. ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Share % by Volume
1 Societe Generale 41.30
2 Rabobank 35.35
3 Morgan Stanley 11.45
4 BNP Paribas 5.95
4 Credit Agricole 5.95

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 16 Jan 2017
1 SG Corporate & Investment Banking 1,260.06 2 126,006,164,037.19%
2 Rabobank 1,081.86 1 108,185,922,974.77%
3 Wells Fargo Securities 430.57 1 43,057,020,785.00%
4 SK Securities 192.86 1 19,286,162,593.99%
4 Meritz Financial Group Inc 192.86 1 19,286,162,593.99%