Second issuer brings inaugural MPL ABS in August

National Funding announced its first ever securitization this week, a $120m deal backed by loans made to small and medium sized business. The California-based company is the second marketplace lender to come to market in August with a debut deal.

  • By Jennifer Kang
  • 14 Aug 2019

LendingPoint, a Georgia-based marketplace lender, also filed an ABS-15G for an inaugural securitization earlier this month. Sources said that new issuers are taking advantage of the declining interest rate environment, creating demand for products with relatively high yields.

“Investors are extremely yield starved. Any income product in ...

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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 %
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1 Citi 69,310.90 231 10.40%
2 JPMorgan 64,579.62 197 9.69%
3 Wells Fargo Securities 51,322.59 157 7.70%
4 Bank of America Merrill Lynch 50,413.91 166 7.56%
5 Credit Suisse 47,114.03 149 7.07%