ABS primary closes busiest week of 2019

The ABS primary market saw $11.52bn of issuance across 15 deal this week, marking the busiest week of 2019.

  • By Jennifer Kang
  • 12 Apr 2019

Several deals, particularly in the auto sector, were oversubscribed and priced at or inside of guidance levels, with investors drawn to the bonds for their short duration exposures.

On Tuesday, a CarMax prime auto deal was upsized to $1.37bn from $1.15bn. Its class ‘A-1’ tranche priced at 1bps over ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Citi 4,347 16 18.54
2 Morgan Stanley 2,420 6 10.32
3 BNP Paribas 2,402 10 10.25
4 Goldman Sachs 2,096 5 8.94
5 Bank of America Merrill Lynch (BAML) 2,086 9 8.90

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 51,387.38 167 10.62%
2 JPMorgan 44,557.52 134 9.21%
3 Wells Fargo Securities 38,189.39 113 7.89%
4 Bank of America Merrill Lynch 36,645.21 121 7.57%
5 Credit Suisse 31,939.48 103 6.60%