Aircraft Investors Worry About Legacy Underperformance As New Issuance Markets

Goldman Sachs has structured two new aircraft securitizations in what would be a rare pair of deals to appear in debt markets. That’s getting investors excited about new supply, but they’re also expressing concerns over legacy aircraft deals, which are underperforming the rest of the asset-backed market.

  • By Matthew Scully
  • 14 Feb 2014

--Matt Scully

Goldman Sachs has structured two new aircraft securitizations in what would be a rare pair of deals to appear in debt markets. That’s getting investors excited about new supply, but they’re also expressing concerns over legacy aircraft deals, which are under-performing the rest of the asset-backed market. ...

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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) 7,026 25 11.95
2 Citi 6,449 21 10.96
3 BNP Paribas 5,093 18 8.66
4 Barclays 4,040 11 6.87
5 Lloyds Bank 3,615 14 6.15

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 1,712.34 6 12.44%
2 SG Corporate & Investment Banking 1,292.64 1 9.39%
2 Rabobank 1,292.64 1 9.39%
4 Mizuho 1,215.54 3 8.83%
5 Wells Fargo Securities 1,012.71 4 7.36%