Year-to-date 2012 ABS transaction volume has hit the largest year-to-date figures since 2008 with $32 billion representing 37 deals, according to numbers Dealogic released today.
Dealogic reported that U.S. marketed ABS volume year-to-date 2012 is at $20.2 billion, which comprises 23 deals. This is a 23% increase from 2011 issuance at $14.3 billion and 30 deals.
This year also saw the largest auto ABS year-to-date volume in seven years. The U.S. marketed auto ABS issuance stands at $12.1 billion while $12.2 billion was priced in the same period in 2005, Dealogic figures showed.
This week alone, three transactions have priced for an aggregate volume of $3.8 billion, which is the largest weekly volume since week 45 of 2009 at $4.1 billion and six deals, Dealogic reported.
These auto deals include a Honda Auto Receivables Owner Trust transaction that priced on Feb. 13. Honda Motor Co.'s four-tranche $1.2 billion auto securitization had Bank of America Merrill Lynch and Barclays Capital as bookrunners.
Another transaction was from Nissan Motor Acceptance Corp. called Nissan Auto Receivables Owner Trust that priced on Feb. 15. The four-tranche $1.2 billion auto ABS was led by bookrunners Credit Agricole CIB, HSBC, and JPMorgan Securities.
Meanwhile, on Feb. 16 Ally Financial issued a four-tranche $1.4 billion auto offering called Ally Master Owner Trust. Bookrunners on the deal were Barclays, Deutsche Bank Securities, and RBC Capital Markets.
Dealogic also reported that U.S. marketed credit card securitization issuance has reached $4 billion year-to-date, comprising five deals. This is also the largest volume the sector has seen since 2008 year-to-date. It is also greater than the year-to-date combined volumes of the previous three years. From 2009 through 2011, credit card year-to-date volume for the same period reached $2.2 billion, making up five deals.
Citi leads the 2012 U.S. marketed ABS volume bookrunner rankings with an 18.3% market share, followed by Barclays with a 14.9% share, and BofA Merrill with 11.3%, according to Dealogic.