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Marriott Turns To Conduit For Funding

Marriott International has sold its latest timeshare securitization to a JPMorgan commercial paper conduit, a shift for the lodging company that traditionally relied on the term market for funding.

  • 12 Mar 2009

-- Olivia Thetgyi

Marriott International has sold its latest timeshare securitization to a JPMorgan commercial paper conduit, a shift for the lodging company that traditionally relied on the term market for funding. From 2004 to 2007, Marriott completed two terms deals a year. Last year it only completed one ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
View full table
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 %
View full table
For detailed analysis: Dealogic
  • Last updated
  • Today
1 Citi 104,581.71 299 10.92%
2 Bank of America Merrill Lynch 86,347.40 249 9.01%
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%