Transat Holds $154 Mln In ABCP

  • 23 Aug 2007
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Transat, the Montreal based tour operator, announced yesterday that almost half of its available cash position is invested in the asset-backed commercial paper market. Of the $340 million in available cash, $154 million is invested in 10 ABCP trusts, some of which are managed by Coventree Capital Group. Ninety percent of Transat’s ABCP investment received the highest rating, R1-High, from DBRS. “The said asset-backed commercial paper are securities that met the criteria of Transat's investment policy and were purchased on the basis of professional advice from National Bank of Canada,” Transat said in a news release. ABCP that matured on August 21 worth $15 million has not been repaid. Maturity dates on the paper range through until Jan. 29, 2008.
  • 23 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) 6,778 8 23.33
2 Citi 5,854 5 20.15
3 Goldman Sachs 4,763 3 16.39
4 Societe Generale 1,506 3 5.18
5 Rabobank 1,413 2 4.86

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 03 Apr 2017
1 Bank of America Merrill Lynch 27,433.88 76 12.99%
2 Citi 23,614.35 69 11.18%
3 Wells Fargo Securities 21,630.20 63 10.24%
4 JPMorgan 16,107.68 46 7.63%
5 Credit Suisse 12,216.35 32 5.78%