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 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 %
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  • Today
1 Citi 129,591.43 378 11.13%
2 Bank of America Merrill Lynch 103,866.05 303 8.92%
3 JPMorgan 102,412.09 297 8.79%
4 Wells Fargo Securities 92,651.83 270 7.96%
5 Credit Suisse 76,251.01 205 6.55%