European ABS - A Week In Review By Markit

The week is off to an interesting start with positive actions from both sides of the Atlantic. In addition to the Federal Reserve’s considerable rate cut, central banks in Europe are considering getting more involved with the asset-backed securities market and assuming some of the private markets’ ABS debt. Such a move would allow them, particularly the European Central Bank, to purchase investment grade securities at low prices that could in turn bolster market liquidity.

  • 26 Mar 2008
The week is off to an interesting start with positive actions from both sides of the Atlantic. In addition to the Federal Reserve’s considerable rate cut, central banks in Europe are considering getting more involved with the asset-backed securities market and assuming some of the private markets’ ABS ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 7,026 25 11.95
2 Citi 6,449 21 10.96
3 BNP Paribas 5,093 18 8.66
4 Barclays 4,040 11 6.87
5 Lloyds Bank 3,615 14 6.15

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 120,318.45 348 12.72%
2 Bank of America Merrill Lynch 104,269.08 299 11.02%
3 Wells Fargo Securities 88,761.07 266 9.38%
4 JPMorgan 69,240.12 209 7.32%
5 Credit Suisse 51,560.77 157 5.45%