Federal Student Loan ABS Sweating Debt Deal, Downgrade

Student loan asset-backed securities carrying a government guarantee are taking a negative hit from the debt ceiling deal struck earlier this month, according to market players.

  • 19 Aug 2011
Student loan asset-backed securities carrying a government guarantee are taking a negative hit from the debt ceiling deal struck earlier this month, according to market players. Spreads in secondary trading widened 10 basis points to 60 bps days after the pact, following news of Standard & Poor’s U.S. ...

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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 20.69
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 8.77

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 47,881.49 152 10.95%
2 JPMorgan 40,615.47 114 9.29%
3 Wells Fargo Securities 37,061.63 106 8.48%
4 Bank of America Merrill Lynch 32,097.67 104 7.34%
5 Credit Suisse 28,257.94 85 6.46%