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 BNP Paribas 15,084 31 17.18
2 Bank of America Merrill Lynch (BAML) 9,637 29 10.97
3 Citi 8,093 21 9.22
4 Lloyds Bank 7,329 24 8.35
5 JP Morgan 6,580 10 7.49

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 129,591.43 378 11.20%
2 Bank of America Merrill Lynch 103,557.15 301 8.95%
3 JPMorgan 101,741.96 296 8.79%
4 Wells Fargo Securities 91,373.90 263 7.90%
5 Credit Suisse 76,186.18 204 6.58%