Société Générale Takes On SIV Assets

  • 10 Dec 2007
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Paris-based Société Générale will take on $4.3 billion of assets from its Premier Asset Collateralized Entity structured investment vehicle, reports Bloomberg News. The move on the part of the French bank follows similar moves from HSBC and Rabobank to bring SIV assets back on the books. “They jumped before they were pushed to avoid being forced to sell assets,” said Nigel Myer, a credit analyst at Dresdner Kleinwort in London. The PACE SIV, which holds $387 million worth of bonds backed by subprime mortgages, is Société Générale’s only such vehicle.

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  • 10 Dec 2007

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 BNP Paribas 15,084 31 17.18
2 Bank of America Merrill Lynch (BAML) 9,637 29 10.97
3 Citi 8,093 21 9.22
4 Lloyds Bank 7,329 24 8.35
5 JP Morgan 6,580 10 7.49

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 129,591.43 378 11.20%
2 Bank of America Merrill Lynch 103,557.15 301 8.95%
3 JPMorgan 101,741.96 296 8.79%
4 Wells Fargo Securities 91,373.90 263 7.90%
5 Credit Suisse 76,186.18 204 6.58%