Canadian ABCP Rescue Plan Set For December

  • 02 Nov 2007
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A rescue plan for the Canadian asset-backed commercial paper market should be ready for investor review by Dec. 14, according to the chairman of the planning committee, reports the Edmonton Journal. “We've got, on the whole, good paper, and barring a meltdown throughout the world ... we can do this,” said Purdy Crawford. “[The restructuring will be completed] long before they get a solution in the U.S.” The U.S. Treasury Department is working with a number of major banks on a plan that many market participants hope will increase liquidity in the American short-term credit market.

Click here to read the Edmonton Journal story on Canada.com

  • 02 Nov 2007

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 BNP Paribas 14,443 29 18.07
2 Bank of America Merrill Lynch (BAML) 8,264 27 10.34
3 Lloyds Bank 7,329 24 9.17
4 Citi 6,748 19 8.44
5 JP Morgan 5,220 8 6.53

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 118,826.70 342 11.07%
2 Bank of America Merrill Lynch 94,721.79 272 8.82%
3 JPMorgan 92,878.89 270 8.65%
4 Wells Fargo Securities 82,807.12 240 7.71%
5 Credit Suisse 70,475.74 184 6.57%