Citigroup Gave Its SIVs $7.6 Bln

Citigroup has provided its structured investment vehicles with $7.6 billion in funding, as of Oct. 31, as the market for asset-backed commercial paper has dried up, according to a filing made with the Securities and Exchange Commission yesterday.

  • 06 Nov 2007
Email a colleague
Request a PDF

--Leo Shvartsman

Citigroup has provided its structured investment vehicles with $7.6 billion in funding, as of Oct. 31, as the market for asset-backed commercial paper has dried up, according to a filing made with the Securities and Exchange Commission yesterday. News of the funding was first reported by Bloomberg News. The bank has $10 billion in committed liquidity for its seven SIVs, whose assets totaled $83 billion as of Sept. 30. Citigroup recently announced that it may write-off as much as $11 billion on subprime-related investments in the fourth quarter. The bank’s chief executive resigned at a board meeting this past weekend.

  • 06 Nov 2007

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 11.20%
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%