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 15,256 32 16.83
2 Bank of America Merrill Lynch (BAML) 10,179 30 11.23
3 Citi 9,751 23 10.76
4 Lloyds Bank 7,329 24 8.09
5 JP Morgan 6,580 10 7.26

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1 Deutsche Bank 348.35 2 14.57%
2 SG Corporate & Investment Banking 297.67 1 12.45%
2 Citi 297.67 1 12.45%
4 RBC Capital Markets 251.51 1 10.52%
4 MUFG 251.51 1 10.52%