ABS on backburner as wait for re-opening continues

The first European securitization mandate of the year may emerge next week, though bankers expect the asset-backed primary market to remain sluggish in January on the back of a busy final quarter to 2013.

  • By Joseph McDevitt
  • 10 Jan 2014

“Talking to other banks, I don’t expect to see much deal volume in January,” said one ABS syndicate banker on Wednesday.

Bankers expect 2014 to pan out broadly like last year, with a revived European CLO and CMBS primary market compensating for lower RMBS issuance volumes from ...

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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 15,256 32 16.83
2 Bank of America Merrill Lynch (BAML) 10,179 30 11.23
3 Citi 9,751 23 10.76
4 Lloyds Bank 7,329 24 8.09
5 JP Morgan 6,580 10 7.26

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 RBC Capital Markets 801.51 2 17.07%
2 Wells Fargo Securities 606.78 3 12.93%
3 Credit Suisse 407.63 1 8.68%
3 Barclays 407.63 1 8.68%
5 Deutsche Bank 331.13 2 7.05%