Exotic ABS On The Rise

Investors are turning to more exotic asset-backed securities that are riskier but offer better returns.

  • 05 Apr 2011
Investors are turning to more exotic asset-backed securities that are riskier but offer better returns. ABS backed by student, automobile and credit-card loans have plunged 81% in the past year, according to Citigroup, while so-called “off-the-run” bonds backed by timber harvests, timeshare revenue and cell phone-tower lease and ...

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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 12,508 23 18.18
2 Bank of America Merrill Lynch (BAML) 8,059 25 11.72
3 Lloyds Bank 5,761 18 8.38
4 Citi 5,606 15 8.15
5 JP Morgan 5,007 7 7.28

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 94,444.52 266 11.16%
2 Bank of America Merrill Lynch 79,057.17 220 9.35%
3 Wells Fargo Securities 69,655.75 196 8.23%
4 JPMorgan 69,110.65 196 8.17%
5 Credit Suisse 56,930.26 144 6.73%