TALF Softens Q2 ABS Issuance Blow

The decline in the issuance of asset-backed securities in the second quarter reportedly would have been even sharper were it not for the Federal Reserve’s Term Asset-Backed Securities Loan Facility.

  • 01 Jul 2009
The decline in the issuance of asset-backed securities in the second quarter reportedly would have been even sharper were it not for the Federal Reserve’s Term Asset-Backed Securities Loan Facility. Issuance dropped 30% in the quarter compared with a year earlier. By contrast, the first-quarter issuance figure plunged ...

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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 5,997 17 15.40
2 Citi 4,679 16 12.02
3 Lloyds Bank 3,158 6 8.11
4 Bank of America Merrill Lynch (BAML) 3,104 10 7.97
5 Morgan Stanley 3,066 8 7.88

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 69,310.90 231 10.40%
2 JPMorgan 64,579.62 197 9.69%
3 Wells Fargo Securities 51,322.59 157 7.70%
4 Bank of America Merrill Lynch 50,413.91 166 7.56%
5 Credit Suisse 47,114.03 149 7.07%