BarCap To Sell Long Awaited U.K. ABS To U.S. Buyers

Barclays Capital is marketing Barclays Bank’s Gracechurch Card Program Funding series 10-1 to third-party U.S. investors.

  • 16 Nov 2010

-- Daniel O’Leary

Barclays Capital is marketing Barclays Bank’s Gracechurch Card Program Funding series 10-1 to third-party U.S. investors. The deal’s senior $500 million notes, backed with U.K. credit card receivables, is being marketed to U.S. investors at 60 basis points plus one-month LIBOR, according to an official close ...

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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) 7,026 25 11.95
2 Citi 6,449 21 10.96
3 BNP Paribas 5,093 18 8.66
4 Barclays 4,040 11 6.87
5 Lloyds Bank 3,615 14 6.15

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1 Citi 1,505.59 4 23.31%
2 SG Corporate & Investment Banking 1,292.64 1 20.01%
2 Rabobank 1,292.64 1 20.01%
4 BNP Paribas 598.25 2 9.26%
5 TD Securities Inc 241.54 1 3.74%