American Express triples size of latest ABS offering

American Express completed their first transaction of the year, bumping up the size of the deal significantly from $521.4m to $1.56bn, making it the credit card company's biggest deal since October 2017.

  • By Jennifer Kang
  • 07 Feb 2019

The senior tranche was priced at 32bps over interpolated swaps and the subordinate tranche was priced at 52.3bps over. [For full pricing see GlobalCapital’s US priced deals database]. The deal was led by Barclays, Bank of America, and MUFG.  

The transaction strengths, according to ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Citi 3,691 11 20.70
2 Morgan Stanley 2,420 6 13.57
3 Goldman Sachs 2,096 5 11.75
4 BNP Paribas 1,686 6 9.45
5 Barclays 1,565 4 8.78

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 40,734.72 129 11.08%
2 JPMorgan 33,238.00 94 9.04%
3 Wells Fargo Securities 31,218.81 89 8.49%
4 Bank of America Merrill Lynch 28,936.60 91 7.87%
5 Credit Suisse 23,189.41 72 6.31%