New EU Guidelines Cast Shadow On Fiscal Claims Securitizations

New guidelines issued by the European Union’s statistics office will make it increasingly unattractive for EU member governments to securitize fiscal claims.

  • 29 Jun 2007

—Hugh Leask

New guidelines issued by the European Union’s statistics office will make it increasingly unattractive for EU member governments to securitize fiscal claims. Eurostat has said those securitizations backed by receivables owed to governments—such as uncollected taxes, healthcare receivables and other public assets—should be regarded as government borrowing ...

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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) 4,755 19 11.75
2 Citi 4,288 14 10.60
3 Rabobank 2,633 4 6.51
4 Goldman Sachs 2,615 4 6.46
5 Barclays 2,603 8 6.43

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 83,931.01 244 12.94%
2 Bank of America Merrill Lynch 71,587.85 220 11.03%
3 Wells Fargo Securities 64,351.96 203 9.92%
4 JPMorgan 46,391.25 147 7.15%
5 Credit Suisse 37,323.31 115 5.75%