Discover Set To Price $1.05 Bln Deal

Discover Card is wrapping up a $1.05 billion credit cards receivables securitization, issued through its master trust.

  • 21 Feb 2007

--Cathy Cunningham

Discover Card is wrapping up a $1.05 billion credit cards receivables securitization, issued through its master trust. Morgan Stanley is leading the deal, with ABN Amro, Citigroup, Deutsche Bank, JP Morgan and Royal Bank of Canada as co-managers.

The $1 billion AAA-rated senior tranche matures in 2010 ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Citi 2,007 6 16.61
2 Goldman Sachs 1,798 4 14.88
3 BNP Paribas 1,434 4 11.87
4 Barclays 1,097 2 9.08
5 Morgan Stanley 1,094 2 9.06

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 20,913.87 69 10.85%
2 JPMorgan 19,191.71 52 9.96%
3 Bank of America Merrill Lynch 18,245.19 58 9.47%
4 Wells Fargo Securities 16,837.21 50 8.74%
5 Barclays 13,965.64 46 7.25%