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 16.10
2 Rabobank 15.11
3 Barclays 9.42
4 Credit Agricole 7.93
5 Morgan Stanley 7.46

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%