German Insurer To Expand ABCP Into Europe

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  • 21 Apr 2003
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Gerling NCM, a German credit insurer, is beginning to market its asset-backed commercial paper conduit to clients outside Germany. The conduit will be called Securefin outside Germany and will be targeted at small- and medium-sized companies with between E5 million and E60 million in trade receivables to securitize, says Jurgen Mortag, head of structured credit based in Cologne.

Mortag says the small- and medium-sized companies have always been the target market for Gerling's ABCP in Germany and the firm believes there is a niche for the product elsewhere. Securefin is willing to securitize smaller amounts than other banks' ABCP products, he adds. The firm is marketing the ABCP to banks as well as to its own clients.

  • 21 Apr 2003

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 24 Jul 2017
1 Citi 253,106.92 930 8.89%
2 JPMorgan 230,914.50 1036 8.11%
3 Bank of America Merrill Lynch 221,389.46 762 7.78%
4 Goldman Sachs 171,499.26 554 6.03%
5 Barclays 169,046.60 646 5.94%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
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  • 25 Jul 2017
1 HSBC 27,039.93 106 7.36%
2 Deutsche Bank 25,125.19 81 6.84%
3 Bank of America Merrill Lynch 23,128.33 61 6.29%
4 BNP Paribas 19,315.94 110 5.26%
5 Credit Agricole CIB 18,706.93 106 5.09%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 25 Jul 2017
1 JPMorgan 13,488.13 59 8.47%
2 Citi 11,496.21 73 7.22%
3 UBS 11,302.86 45 7.09%
4 Morgan Stanley 10,864.95 59 6.82%
5 Goldman Sachs 10,434.21 54 6.55%