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 Citi 3,691 11 20.70
2 Morgan Stanley 2,420 6 13.57
3 Goldman Sachs 2,096 5 11.75
4 BNP Paribas 1,686 6 9.45
5 Barclays 1,565 4 8.78

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 40,734.72 129 11.35%
2 JPMorgan 32,938.92 93 9.18%
3 Wells Fargo Securities 30,907.51 87 8.61%
4 Bank of America Merrill Lynch 27,917.30 88 7.78%
5 Credit Suisse 22,890.32 71 6.38%