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 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 104,427.74 298 10.96%
2 Bank of America Merrill Lynch 86,347.40 249 9.06%
3 JPMorgan 80,990.39 237 8.50%
4 Wells Fargo Securities 77,934.65 225 8.18%
5 Credit Suisse 63,570.21 165 6.67%