Covered Bond Surge Splits ABS Industry

Securitization professionals in London are divided on the impact the recent surge in covered bond issuance in Europe will have on the yet-to-reopen asset-backed and residential mortgage-backed securitization markets.

  • 31 Aug 2011

Securitization professionals in London are divided on the impact the recent surge in covered bond issuance in Europe will have on the yet-to-reopen asset-backed and residential mortgage-backed securitization markets.

Covered bond issuance hit about EUR14 billion ($20.1 billion) midweek, with ING Bank, UniCredit, Barclays Capital, Swedbank and Erste ...

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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 118,616.77 341 11.09%
2 Bank of America Merrill Lynch 94,721.79 272 8.85%
3 JPMorgan 92,612.23 269 8.66%
4 Wells Fargo Securities 82,597.19 239 7.72%
5 Credit Suisse 70,475.74 184 6.59%