GMAC plays on scarcity value in rare ABS issue

  • 08 Jan 1999
GMAC launched its first plain vanilla securitisation of dealer floor plan receivables since 1996 this week, taking advantage of scarcity to pique US interest, and along the way pulling in some international buyers too. Launched via special purpose vehicle GMAC/SWIFT 1999A, the triple-A rated $750m bond was ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Citi 4,296 9 13.13
2 BNP Paribas 3,026 10 9.25
3 Bank of America Merrill Lynch (BAML) 2,411 8 7.37
4 Lloyds Bank 2,213 9 6.76
5 Credit Agricole 2,025 6 6.19

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 38,200.82 106 12.07%
2 Bank of America Merrill Lynch 30,932.47 87 9.77%
3 Wells Fargo Securities 26,900.77 74 8.50%
4 JPMorgan 23,547.25 70 7.44%
5 Credit Suisse 19,951.44 47 6.30%