FFELP Paper Is Downgrade’s Biggest Loser

Student loan asset-backed securities made via the Federal Family Education Loan Program took the most direct hit of any ABS consumer asset class during last week’s market turmoil, according to Amy Sze, ABS strategist at JPMorgan.

  • 15 Aug 2011
Student loan asset-backed securities made via the Federal Family Education Loan Program took the most direct hit of any ABS consumer asset class during last week’s market turmoil, according to Amy Sze, ABS strategist at JPMorgan. Spreads on the three-year AAA-rated FFELP bonds widened 10 basis points, bringing ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 7,026 25 11.95
2 Citi 6,449 21 10.96
3 BNP Paribas 5,093 18 8.66
4 Barclays 4,040 11 6.87
5 Lloyds Bank 3,615 14 6.15

Bookrunners of Global Structured Finance

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1 Citi 1,712.34 6 12.44%
2 SG Corporate & Investment Banking 1,292.64 1 9.39%
2 Rabobank 1,292.64 1 9.39%
4 Mizuho 1,215.54 3 8.83%
5 Wells Fargo Securities 1,012.71 4 7.36%