Obvion, NIBC and VW awaken ABS market from supply slumber

ABS investors that have been patiently waiting for supply to return this year will have Dutch RMBS from Obvion and NIBC to tuck into next week, as well as top tier auto paper from Volkswagen’s Driver shelf. Bankers are confident the pricing in all deals will demonstrate the exceptional strength of the market.

  • 18 Jan 2013

NIBC was the first issuer to break cover, mandating for a deal on Monday. The bank has hired Credit Suisse, Morgan Stanley alongside itself to lead manage Dutch MBS XVIII.

The borrower started roadshowing the roughly €500m two tranche offering on Thursday and will meet investors in London, ...

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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 14,443 29 18.07
2 Bank of America Merrill Lynch (BAML) 8,264 27 10.34
3 Lloyds Bank 7,329 24 9.17
4 Citi 6,748 19 8.44
5 JP Morgan 5,220 8 6.53

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 118,826.70 342 11.07%
2 Bank of America Merrill Lynch 94,721.79 272 8.82%
3 JPMorgan 92,878.89 270 8.65%
4 Wells Fargo Securities 82,807.12 240 7.71%
5 Credit Suisse 70,475.74 184 6.57%