| Full Credit to Book (Equal if Joint) U.S. Public ABS Market/144A Market | ||||
| Managers | Proceeds (mils) | Rank | Mkt. Share | # of Issues |
| Citigroup | 3,629.7 | 1 | 23.0 | 8 |
| JP Morgan | 3,344.2 | 2 | 21.2 | 8 |
| Deutsche Bank AG | 1,720.4 | 3 | 10.9 | 6 |
| Royal Bank of Scotland Group | 1,606.8 | 4 | 10.2 | 3 |
| Merrill Lynch & Co Inc | 1,250.0 | 5 | 7.9 | 3 |
| Barclays Capital | 1,094.9 | 6 | 6.9 | 3 |
| Credit Suisse | 950.0 | 7 | 6.0 | 2 |
| Wachovia Corp | 939.0 | 8 | 6.0 | 3 |
| Bear Stearns & Co Inc | 824.9 | 9 | 5.2 | 1 |
| Goldman Sachs & Co | 411.2 | 10 | 2.6 | 1 |
| Industry Total | 15,771.0 | - | 100.0 | 17 |
| Source: Thomson Financial | ||||
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First-loss risk prompts Ellington's migration to the mezzanine level, although some secondary-market equity gets thumbs up.
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