AEP Texas To Issue Energy Bonds

Texas Central Company, a subsidiary of power utility American Electric Power Company, is preparing to issue an $800 million securitization of rate-recovery bonds, enabling the utility to recover costs linked to its deregulation from the State of Texas.

  • 05 Mar 2012
Texas Central Company, a subsidiary of power utility American Electric Power Company, is preparing to issue an $800 million securitization of rate-recovery bonds, enabling the utility to recover costs linked to its deregulation from the State of Texas. Morgan Stanley, Barclays Capital and Citigroup are marketing the transaction, ...

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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 13,295 25 18.56
2 Bank of America Merrill Lynch (BAML) 8,059 25 11.25
3 Lloyds Bank 6,979 21 9.74
4 Citi 6,256 16 8.73
5 JP Morgan 5,220 8 7.29

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 104,581.71 299 10.94%
2 Bank of America Merrill Lynch 86,347.40 249 9.04%
3 JPMorgan 80,990.39 237 8.47%
4 Wells Fargo Securities 77,934.65 225 8.15%
5 Credit Suisse 63,570.21 165 6.65%