Spanish SME ABS Continues Negative Trend

Spain’s small-to medium-sized enterprise asset-backed securities market will remain weak throughout 2010, according to analysts at Moody’s Investors Service.

  • 23 Nov 2009

-- Daniel O’Leary

Spain’s small-to- medium enterprise asset-backed securities market will remain weak throughout 2010, according to analysts at Moody’s Investors Service. Deals originated in 2004 and onward are seeing higher severe delinquency rates than older deals due to less seasoning and the poorer quality of the collateral backing ...

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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 %
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  • Today
1 Citi 104,581.71 299 10.92%
2 Bank of America Merrill Lynch 86,347.40 249 9.02%
3 JPMorgan 80,990.39 237 8.46%
4 Wells Fargo Securities 77,934.65 225 8.14%
5 Credit Suisse 63,570.21 165 6.64%