As the first half of 2002 comes to a close, it seems as though JPMorgan Securities will claim the top spot in the U.S. ABS league tables. With roughly $16 billion in supply sold to investors in the quarter, JPMorgan is a virtual lock for the No. 1 spot. The firm has placed roughly $27.6 billion throughout 2002, according to Thomson Financial.
In a move more reminiscent of year-end activity, JPMorgan padded its lead with a self-led credit card deal late last week, as the competition heated up following a major play made by Banc of America Securities, which also priced a large self-led deal.