First asset backed deals of the year emerge in new pipeline

The first three securitised deals to launch this year have been in the asset classes that dominated the market in 2010 — Dutch prime, German autos, and UK prime.

  • 21 Jan 2011

All three deals in the primary market pipeline — Arena 2011-1, Driver Eight, and Holmes 2011-1 — are compliant with the new S&P criteria.

Delta Lloyd’s Dutch prime RMBS Arena 2011-1 was the first deal announced this year, with a roadshow last week, and pricing expected on Friday.

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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 10,542 20 17.55
2 Bank of America Merrill Lynch (BAML) 6,103 21 10.16
3 Citi 5,130 13 8.54
4 JP Morgan 4,681 6 7.79
5 Morgan Stanley 4,137 11 6.89

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 81,261.11 236 11.59%
2 Bank of America Merrill Lynch 66,338.04 186 9.46%
3 Wells Fargo Securities 56,344.19 164 8.03%
4 JPMorgan 53,381.65 156 7.61%
5 Credit Suisse 44,872.46 115 6.40%