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 10,542 20 17.55
2 Bank of America Merrill Lynch (BAML) 6,103 21 10.16
3 Citi 5,130 13 8.54
4 JP Morgan 4,681 6 7.79
5 Morgan Stanley 4,137 11 6.89

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 81,261.11 236 11.54%
2 Bank of America Merrill Lynch 66,433.81 187 9.43%
3 Wells Fargo Securities 57,637.40 170 8.18%
4 JPMorgan 53,570.42 158 7.61%
5 Credit Suisse 45,349.30 117 6.44%