Michigan Plots $400 Mln Tobacco Securitization

Michigan is planning a roughly $400 million securitization of its tobacco settlement revenues.

  • 01 Jun 2007

--Catherine Cunningham

Michigan is planning a roughly $400 million securitization of its tobacco settlement revenues. State officials reached an agreement yesterday to securitize another chunk of its TSRs in order to fill a hole in the budget, said Terry Stanton, spokesman for Treasurer Robert Kleine. “The deal will ...

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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) 6,415 22 12.84
2 Citi 5,781 17 11.57
3 BNP Paribas 3,530 14 7.06
4 Credit Suisse 2,783 8 5.57
5 Rabobank 2,633 4 5.27

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 98,544.62 277 13.26%
2 Bank of America Merrill Lynch 90,698.73 264 12.20%
3 Wells Fargo Securities 70,282.48 216 9.45%
4 JPMorgan 51,967.93 167 6.99%
5 Credit Suisse 41,545.25 126 5.59%