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.

Click hear to read the story from Bloomberg News

  • 15 Aug 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%