Sometimes, originators just want to handle their issues on their own terms - and from their own shelves. Such independent thinking, argue some, is what characterized a lot of securitization transactions in the first quarter and changed the lineup of top-ranked lead underwriters.

Based on preliminary data from the ASR Scorecard database, which is being referenced for the first time for the rankings, Banc of America Securities topped the lead manager ranking for all domestic public deals. With $31.7 billion in mandates, the bank walked away with an 11% share of the total issuance market, which came to about $179.6 billion.

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