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 15,256 32 17.31
2 Bank of America Merrill Lynch (BAML) 9,637 29 10.93
3 Citi 8,264 22 9.37
4 Lloyds Bank 7,329 24 8.31
5 JP Morgan 6,580 10 7.46

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 130,010.09 379 11.12%
2 Bank of America Merrill Lynch 104,113.90 304 8.90%
3 JPMorgan 102,778.33 300 8.79%
4 Wells Fargo Securities 93,728.92 276 8.01%
5 Credit Suisse 76,904.09 209 6.58%