ABCP Investors, Issuers Grow More Conservative

Asset-backed commercial paper investors and issuers alike have grown more conservative in reaction to the credit crunch that saw demand for the formerly liquid product dry up.

  • 05 Feb 2008

-- Olivia Thetgyi

Asset-backed commercial paper investors and issuers alike have grown more conservative in reaction to the credit crunch that saw demand for the formerly liquid product dry up. Increased scrutiny from senior management on both sides of the Street and lack of investor appetite spurred the changes, ...

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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 4,486 16 13.62
2 Citi 4,347 16 13.20
3 Lloyds Bank 3,158 6 9.59
4 Morgan Stanley 3,066 8 9.31
5 Bank of America Merrill Lynch (BAML) 2,771 10 8.42

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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  • Today
1 Citi 58,985.44 193 10.63%
2 JPMorgan 51,597.56 153 9.29%
3 Wells Fargo Securities 41,996.86 122 7.56%
4 Bank of America Merrill Lynch 41,491.72 136 7.47%
5 Credit Suisse 38,293.55 120 6.90%