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BNP Paribas was arranging Bealine Plc, a unique £250 million ($377.89 million) securitization of aircraft take-off and landing slots at Heathrow Airport managed by British Airways which was seen as an innovative step forward for the asset-backed securities market.

  • 12 Jul 2013
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BNP Paribas was arranging Bealine Plc, a unique £250 million ($377.89 million) securitization of aircraft take-off and landing slots at Heathrow Airport managed by British Airways which was seen as an innovative step forward for the asset-backed securities market. [The deal was pulled just weeks later due to a lack of investor demand at a price acceptable to the issuer. Market chatter suggested prices in the region of 450 basis points above gilts or midswaps. BA parent firm International Airlines Group felt there were other forms of financing available at a more competitive price.]

  • 12 Jul 2013

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 Wells Fargo Securities 1,276.60 4 13.30%
2 RBC Capital Markets 801.51 2 8.35%
3 China Merchants Securities Co Ltd 788.68 2 8.21%
4 Citi 783.55 4 8.16%
5 Everbright Securities Co Ltd 708.94 1 7.38%