Full Credit to Book (Equal if Joint) U.S. Public ABS Market/144A Market | ||||
Managers | Proceeds (mils) | Rank | Mkt. Share | # of Issues |
Citigroup | 3,665.5 | 1 | 39.7 | 5 |
JP Morgan | 2,058.6 | 2 | 22.3 | 5 |
Wachovia Corp | 939.0 | 3 | 10.2 | 2 |
Royal Bank of Scotland Group | 781.9 | 4 | 8.5 | 1 |
Deutsche Bank AG | 472.5 | 5 | 5.1 | 2 |
Merrill Lynch & Co Inc | 450.0 | 6 | 4.9 | 1 |
Credit Suisse | 450.0 | 6 | 4.9 | 1 |
Goldman Sachs & Co | 411.2 | 8 | 4.5 | 1 |
Industry Total | 9,228.7 | - | 100.0 | 10 |
Source: Thomson Financial |
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Notes A, B and C benefit from credit enhancement amounting to 33.3%, 16.2% and 7.0%, and the deal's capital structure will repay investors on a combined pro-rata and sequential basis.
May 7 -
Originators increased program offerings for the fifth consecutive month, but overall credit availability remains tight, the Mortgage Bankers Association said.
May 7 -
The top five issuers in the pool represent 4.73% of the pool, which is noticeably more diversified compared with the 12.50% concentration, according to Fitch's stressed portfolio at initial expected matrix point.
May 7 -
Rep. Andy Barr, R-Ky., is introducing a bill to establish an Office of Supervisory Appeals at each of the banking regulators that would give banks more power over the appeals process.
May 7 -
Price growth is decelerating but still driving historic home equity gains for owners and widening the gap between the haves and have-nots in housing, ICE finds.
May 6 -
Under the capital structure the senior notes will be repaid on a pro rata basis. Otherwise, the notes in the structure will benefit from excess spread and a senior-subordinate structure.
May 6