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) 3,865 12 12.28
2 Citi 2,800 7 8.90
3 Goldman Sachs 2,615 4 8.31
4 Credit Agricole 2,254 6 7.16
5 Barclays 2,006 6 6.38

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 12 Jun 2017
1 Citi 46,714.29 133 12.73%
2 Bank of America Merrill Lynch 43,017.27 121 11.73%
3 Wells Fargo Securities 36,865.83 105 10.05%
4 JPMorgan 25,897.27 79 7.06%
5 Credit Suisse 19,055.29 50 5.19%