Demand for railcar ABS sinks as headlines spook buyers

Railcar ABS has dropped to the bottom of investor wish lists this year, even as the rest of the esoteric ABS sector continues to generate demand for the higher yields on offer.

  • By Jennifer Kang
  • 29 Jul 2019

Trade war tensions and global recession concerns have dimmed the outlook for the railcar securitizations. 

“We believe the potential for re-escalation of trade disputes could pressure spreads and excess returns, making it difficult to overcome the negative performance experienced during the first half of 2019,” said Bank of America ...

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 BNP Paribas 5,997 17 15.40
2 Citi 4,679 16 12.02
3 Lloyds Bank 3,158 6 8.11
4 Bank of America Merrill Lynch (BAML) 3,104 10 7.97
5 Morgan Stanley 3,066 8 7.88

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 70,707.91 236 10.46%
2 JPMorgan 64,579.62 197 9.55%
3 Bank of America Merrill Lynch 51,474.08 169 7.61%
4 Wells Fargo Securities 51,322.59 157 7.59%
5 Credit Suisse 47,737.24 151 7.06%