Euro Q3 Securitization Issuance Down

  • 13 Nov 2007
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Third quarter European securitization issuance was down sharply from the second quarter and from a year ago amid much weaker liquidity levels. European third quarter securitization issuance totaled €89.5 billion ($130.71 billion)compared to €164.8 billion ($240.66 billion)in the second quarter of 2007 and €113.5 billion ($165.75 billion)in the year ago third quarter period.

The latest quarter’s issuance put outstanding volume of European securitization at €1.32 trillion ($1.93 trillion) most of which is AAA rated. “Almost 80% of outstanding by current rating is AAA, while mezzanine tranches (typically A and BBB-rated securities) represent 10.6%,” said Rick Watson, managing director and head of the European Securitization Forum.

  • 13 Nov 2007

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 7,026 25 11.95
2 Citi 6,449 21 10.96
3 BNP Paribas 5,093 18 8.66
4 Barclays 4,040 11 6.87
5 Lloyds Bank 3,615 14 6.15

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 1,505.59 4 20.86%
2 SG Corporate & Investment Banking 1,292.64 1 17.91%
2 Rabobank 1,292.64 1 17.91%
4 Wells Fargo Securities 760.56 2 10.54%
5 BNP Paribas 598.25 2 8.29%