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
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--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 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 94,444.52 266 11.16%
2 Bank of America Merrill Lynch 79,057.17 220 9.35%
3 Wells Fargo Securities 69,655.75 196 8.23%
4 JPMorgan 69,110.65 196 8.17%
5 Credit Suisse 56,930.26 144 6.73%