Information provider Dealogic released data this morning showing that global ABS volume is now at $165.3 billion in 2011 year-to-date. This increased 28% or $129.1 billion over 2010 year-to-date.
This is the highest volume recorded by the firm since the same 2008 period, which was at $216.9 billion, the report stated.
The average deal size in 2011 year-to-date was worth $423 million, which is also the highest since 2007 year-to-date when the average was at $548 million.
European ABS has increased 74% in 2011 year-to-date to reach $34.8 billion, the biggest year-on-year increase in volume for over a decade and also the highest volume since 2007 year-to-date when it was at $111.5 billion.
November 2011 volume reached $4.9 billion, the highest European ABS monthly volume since October 2008 when it was at $5.9 billion.
According to Dealogic, the U.S. still dominates the ABS market in terms of nationality ranking, with $101.2 billion in 2011 year-to-date and making up a 61% market share. The U.K. with $12.9 billion and Germany with $11.5 billion follow the U.S., Dealogic noted.
Dealogic also reported that, according to its data, Bank of America Merrill Lynch leads the global ABS bookrunner ranking in 2011 year-to-date with a 10.5% market share. The bank is followed by Citigroup Global Markets with 10.3% and JPMorgan Securities 8.9%, Dealogic stated in the report.