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 BNP Paribas 14,443 29 18.07
2 Bank of America Merrill Lynch (BAML) 8,264 27 10.34
3 Lloyds Bank 7,329 24 9.17
4 Citi 6,748 19 8.44
5 JP Morgan 5,220 8 6.53

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 118,616.77 341 11.09%
2 Bank of America Merrill Lynch 94,721.79 272 8.85%
3 JPMorgan 92,612.23 269 8.66%
4 Wells Fargo Securities 82,597.19 239 7.72%
5 Credit Suisse 70,475.74 184 6.59%