Deutsche Bank won a $38 million portfolio auctioned off by Allstate as the market digested a couple of portfolio sales. The cover bid for the Allstate sale was 101.24. One trader said Allstate was looking to unload the paper before year-end. Officials at Allstate and Deutsche Bank declined comment. A seller was also rumored to be looking to offload an $83 million portfolio of 70 loans split between par and stressed names last week, said traders. LMW incorrectly identified Franklin Advisers as the seller (LMW, 12/7). A Franklin spokeswoman stated that Franklin did not conduct an auction.
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|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|
Bookrunners of Global Structured Finance
|Rank||Lead Manager||Amount $m||No of issues||Share %|
|2||Bank of America Merrill Lynch||99,769.11||286||10.85%|
|3||Wells Fargo Securities||87,449.35||261||9.51%|