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 10,542 20 18.00
2 Bank of America Merrill Lynch (BAML) 6,103 21 10.42
3 Citi 5,130 13 8.76
4 JP Morgan 4,681 6 7.99
5 Lloyds Bank 3,389 13 5.79

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 70,706.73 201 11.50%
2 Bank of America Merrill Lynch 60,472.76 166 9.84%
3 JPMorgan 48,700.30 139 7.92%
4 Wells Fargo Securities 48,082.68 138 7.82%
5 Credit Suisse 38,376.65 95 6.24%