In what may be the closest asset-backed league table race in the history of Thomson Financial's rankings, No. 1 ABS underwriter Citibank/Salomon Smith Barney re-opened (essentially upsizing) a 2001 Citibank credit card deal for $500 million on New Year's Eve, to overcome Credit Suisse First Boston's $61 million lead it had established that very day, pricing a $223 million auto lease deal for Provident Bank.

The down-to-the-wire league table run is reminiscent of the 1996 year-end ABS rankings, when Lehman Brothers repackaged $2 billion worth of credit card ABS on Dec. 31 to nudge ahead of Merrill Lynch for the No. 1 spot: that year the two banks brought $24.48 billion and $23.26 billion, respectively (see ASR 1/6/97).

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.