Dutch Bank To Increase Its ABCP Conduit Size

  • 01 Dec 2002
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Eraj Asadi, executive director and head of asset-backed commercial paper at New York-based Rabobank International, says he wants to grow issuance levels for Nieuw Amsterdam, the bank's ABCP program to $6 billion a year. This represents a 50% increase from the $4 billion conduit's current size. The conduit's initial size was $1 billion in 1999.

Nieuw Amsterdam is Rabobank's multi-seller conduit in the U.S. It issues ABCP and uses the proceeds to buy trade and term receivables, loans and securities or to make loans secured by those assets. Asadi's team, made of five staffers, is part of Rabobank's asset-backed finance unit. There are no plans to add staffers to the ABCP team for next year, he says. Rabobank International, the investment arm of Rabobank Group in the Netherlands' is an active ABS player in the U.S in both the ABCP and CDO markets.

 

  • 01 Dec 2002

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 BNP Paribas 10,542 20 17.55
2 Bank of America Merrill Lynch (BAML) 6,103 21 10.16
3 Citi 5,130 13 8.54
4 JP Morgan 4,681 6 7.79
5 Morgan Stanley 4,137 11 6.89

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 81,261.11 236 11.59%
2 Bank of America Merrill Lynch 66,338.04 186 9.46%
3 Wells Fargo Securities 56,344.19 164 8.03%
4 JPMorgan 53,381.65 156 7.61%
5 Credit Suisse 44,872.46 115 6.40%