| Full Credit to Book (Equal if Joint) U.S. Public ABS Market/144A Market | ||||
| Managers | Proceeds (mils) | Rank | Mkt. Share | # of Issues |
| Wachovia Securities | 7,948.09 | 1 | 16.98 | 11 |
| JP Morgan Securities Inc. | 5,503.0 | 2 | 11.757 | 12 |
| Banc of America Securities LLC | 5,059.6 | 3 | 10.809 | 9 |
| Citigroup Global Markets, Inc. | 3,342.4 | 4 | 7.141 | 7 |
| Credit Suisse Securities (USA) LLC | 3,319.7 | 5 | 7.092 | 6 |
| ABN AMRO Incorporated | 2,783.0 | 6 | 5.946 | 5 |
| Merrill Lynch, Pierce, Fenner & Smith Inc | 2,726.4 | 7 | 5.825 | 5 |
| Deutsche Bank Securities, Inc. | 2,509.2 | 8 | 5.361 | 6 |
| Barclays Capital | 2,384.3 | 9 | 5.094 | 5 |
| RBS Greenwich Capital | 2,374.5 | 10 | 5.073 | 5 |
| Industry Total | 46,807.6 | - | 100.0 | 50 |
| Source: Thomson Financial | ||||
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To keep cash flowing to the notes, the deal's senior notes have an interest reserve account covering three months' worth of class A note interest payments and fees.
September 17 -
Classes A-1FCF through A-1F will repay noteholders on a pro rata basis, while classes A2 through B3 will be repaid sequentially.
September 17 -
Last week's bond market turmoil continued leading up to the FOMC decision on Wednesday, pushing the 30-year fixed to near or over 7%, depending on the source.
September 17 -
The Elliot-backed manager doubles down on research and expertise to confront market challenges, including tight arbitrage and a looming 2028 debt maturity wall.
September 17 -
Federal Reserve Chair Kevin Warsh framed the central bank's move to increase interest rates as a moderate adjustment to rapid economic growth during his post-Federal Open Market Committee press conference.
September 16 -
The market initially showed relief after the initial confirmation of an anticipated inflation-fighting hike but discussion of a future raise renewed concern.
September 16








