Non-ECB eligible deals test market as central bank considers ABS review

ABS deals not eligible for purchase by the European Central Bank will test the ability of the market to function without central bank participation, a potentially significant development given recent comments from ECB officials.

  • By Sam Kerr
  • 05 Jul 2017

Bumper 9, an auto ABS deal issued by LeasePlan and backed by Dutch auto leases, is set to price this week. Initial price talk suggests the triple-A notes will be sold in the area of 30bp over one month Euribor.

The deal is backed by leases extended to ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 BNP Paribas 15,256 32 17.31
2 Bank of America Merrill Lynch (BAML) 9,637 29 10.93
3 Citi 8,264 22 9.37
4 Lloyds Bank 7,329 24 8.31
5 JP Morgan 6,580 10 7.46

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 130,010.09 379 11.12%
2 Bank of America Merrill Lynch 104,113.90 304 8.90%
3 JPMorgan 102,778.33 300 8.79%
4 Wells Fargo Securities 93,728.92 276 8.01%
5 Credit Suisse 76,904.09 209 6.58%