Coventree Finds Emergency Funding

  • 15 Aug 2007
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Canada’s Coventree investment bank has found a buyer for C$600 million ($558.15 million) in asset-backed commercial paper after spending the first two days of the week searching for buyers. The company’s stock more than doubled by Wednesday afternoon after taking a beating the first two days of the week. The company had been trying to sell as much as C$950 million ($883.82 million) in commercial paper the previous day but investors balked amid a global credit crunch caused in part by weakness in the subprime market. Coventree is Canada’s biggest non-bank issuer of ABCP and sells paper likely backed by mortgage loans, car loans and credit cards.

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  • 15 Aug 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%