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 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
  • Today
1 Citi 10,064.23 34 12.73%
2 Barclays 7,915.37 23 10.01%
3 Bank of America Merrill Lynch 7,473.95 24 9.45%
4 JPMorgan 7,314.30 26 9.25%
5 Wells Fargo Securities 6,258.35 24 7.92%