Bidders Worry Over CitiFinancial’s Debt

Concern over CitiFinancial’s funding as an independent business appears to be holding up the sale of Citigroup’s consumer finance unit now known as OneFinancial.

  • 17 Jun 2011
Concern over CitiFinancial’s funding as an independent business appears to be holding up the sale of Citigroup’s consumer finance unit now known as OneFinancial. Sources said the three remaining bidders for the unit are waiting for reports from credit rating agencies, especially on whether OneFinancial’s loans can be ...

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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) 1,284 2 30.09
2 Barclays 633 1 14.82
3 BNP Paribas 509 1 11.91
4 Citi 467 1 10.94
5 Morgan Stanley 455 1 10.66

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Rank Lead Manager Amount $m No of issues Share %
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1 Citi 9,235.10 31 12.19%
2 Barclays 7,853.42 22 10.36%
3 Bank of America Merrill Lynch 7,473.95 24 9.86%
4 JPMorgan 7,225.34 25 9.54%
5 Wells Fargo Securities 6,258.35 24 8.26%