Bullish investor demand for euro ABS on display

Hefty demand and oversubscribed order books for Mercedes’ Silver Arrow UK 2018-1 auto ABS deal and Virgin Money’s Gosforth Funding 2018-1 UK Prime RMBS may be an indication of stronger sentiment in euro ABS markets following a tough summer.

  • By Asad Ali
  • 13 Sep 2018
Spread widening across euro ABS sectors over the past two months, caused by a combination of broader credit market selloff and heavy primary issuance, had many participants questioning both the appetite for new paper and the execution levels necessary to get deals done when the market restarted this ...

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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 16.83
2 Bank of America Merrill Lynch (BAML) 10,179 30 11.23
3 Citi 9,751 23 10.76
4 Lloyds Bank 7,329 24 8.09
5 JP Morgan 6,580 10 7.26

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 RBC Capital Markets 801.51 2 13.30%
2 Citi 783.55 4 13.01%
3 Wells Fargo Securities 606.78 3 10.07%
4 Credit Suisse 534.82 2 8.88%
5 SG Corporate & Investment Banking 497.64 2 8.26%