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 12,508 23 18.18
2 Bank of America Merrill Lynch (BAML) 8,059 25 11.72
3 Lloyds Bank 5,761 18 8.38
4 Citi 5,606 15 8.15
5 JP Morgan 5,007 7 7.28

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 91,105.19 257 10.97%
2 Bank of America Merrill Lynch 78,286.59 217 9.43%
3 JPMorgan 68,975.82 196 8.31%
4 Wells Fargo Securities 67,736.13 189 8.16%
5 Credit Suisse 55,269.48 140 6.66%