Orders mount for hairy UK student loans as price guidance emerges

The media are full of stories about much of UK student loans may never be repaid. But ABS investors, especially specialists in riskier assets, have at least £7bn of appetite for them.

  • By Jon Hay
  • 04 Dec 2017
Barclays (arranger), Credit Suisse, Lloyds Bank and JP Morgan, bookrunners of the UK government’s securitization of £3.4bn of income-contingent student loans extended in 2002-6, said on Monday morning the deal’s top three tranches had attracted over £2bn of indications of interest, while the ‘X’ notes, the most junior ...

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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) 7,026 25 11.95
2 Citi 6,449 21 10.96
3 BNP Paribas 5,093 18 8.66
4 Barclays 4,040 11 6.87
5 Lloyds Bank 3,615 14 6.15

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 120,318.45 348 12.81%
2 Bank of America Merrill Lynch 99,988.41 288 10.64%
3 Wells Fargo Securities 88,516.28 265 9.42%
4 JPMorgan 69,240.12 209 7.37%
5 Credit Suisse 51,378.45 156 5.47%