Euro AAA Spreads See Continued Drifting

Secondary spreads in European AAA-rated residential mortgage-backed securities are showing no sign of arresting the slide outwards as market turmoil deepens even further.

  • 07 Oct 2008

-Alex Sebastian

Secondary spreads in European AAA-rated residential mortgage-backed securities are showing no sign of arresting the slide outwards as market turmoil deepens even further. All major assets classes are at record wides as the unprecedented flight from securitized assets shows no sign of letting up. U.K. AAA ...

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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 12,508 23 18.18
2 Bank of America Merrill Lynch (BAML) 8,059 25 11.72
3 Lloyds Bank 5,761 18 8.38
4 Citi 5,606 15 8.15
5 JP Morgan 5,007 7 7.28

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 95,847.77 272 11.13%
2 Bank of America Merrill Lynch 80,029.51 227 9.30%
3 JPMorgan 72,172.60 208 8.38%
4 Wells Fargo Securities 69,859.54 198 8.12%
5 Credit Suisse 58,056.32 149 6.74%