Michigan Plots $400 Mln Tobacco Securitization

Michigan is planning a roughly $400 million securitization of its tobacco settlement revenues.

  • 01 Jun 2007

--Catherine Cunningham

Michigan is planning a roughly $400 million securitization of its tobacco settlement revenues. State officials reached an agreement yesterday to securitize another chunk of its TSRs in order to fill a hole in the budget, said Terry Stanton, spokesman for Treasurer Robert Kleine. “The deal will ...

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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 %
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1 Citi 95,041.28 268 11.13%
2 Bank of America Merrill Lynch 79,274.93 221 9.29%
3 Wells Fargo Securities 69,765.48 197 8.17%
4 JPMorgan 69,438.13 198 8.13%
5 Credit Suisse 57,820.17 147 6.77%