Wyndham prices first timeshare ABS of the year

Wyndham Destinations priced a $400m timeshare ABS on Tuesday, adding to the growing list of esoteric transactions brought to market this year. Esoteric ABS volume stands at $7.34bn year to date, making it the largest category after auto ABS.

  • By Jennifer Kang
  • 13 Mar 2019
The senior class ‘A’ notes were priced at 72bp over interpolated swaps, and were given a triple-A rating by both Fitch and S&P. The class ‘B’ notes were priced at 95bps over interpolated swaps, and were given a flat A rating. (For full pricing details, see GlobalCapital’s ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Citi 3,691 11 20.69
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 8.77

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 48,981.15 156 10.70%
2 JPMorgan 42,528.25 122 9.29%
3 Wells Fargo Securities 37,344.94 107 8.16%
4 Bank of America Merrill Lynch 34,673.03 110 7.57%
5 Credit Suisse 29,307.78 89 6.40%