Franchise Fee Deals Tighten Up On Credit Quality

Franchise fee securitizations are tightening the screws on credit quality in response to the credit crunch that hit the market last summer.

  • 16 Jan 2008

-- Olivia Thetgyi

Franchise fee securitizations are tightening the screws on credit quality in response to the credit crunch that hit the market last summer. Upcoming deals may shorten extensions to interest-only periods, add performance triggers and become less reliant on monoline-provided wraps, according to Dan Chambers, managing director ...

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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 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%