Second UK government student loan ABS hits primary

The UK government has launched the second securitization of income contingent student loans, roughly a year after the first deal was closed.

  • By Asad Ali
  • 10 Oct 2018

Last year’s hefty £3.5bn inaugural deal — income Contingent Student Loan 1 (ICSL1) — was arranged by Barclays with Credit Suisse, Lloyds Bank and JP Morgan added as joint leads, a precedent for future deals.

That transaction, marketed to around 200 investors and placed with 40, marked the ...

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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) 1,284 2 30.09
2 Barclays 633 1 14.82
3 BNP Paribas 509 1 11.91
4 Citi 467 1 10.94
5 Morgan Stanley 455 1 10.66

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
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1 Citi 9,235.10 31 12.19%
2 Barclays 7,853.42 22 10.36%
3 Bank of America Merrill Lynch 7,473.95 24 9.86%
4 JPMorgan 7,225.34 25 9.54%
5 Wells Fargo Securities 6,258.35 24 8.26%