Full Credit to Book (Equal if Joint) U.S. Public ABS Market/144A Market | ||||
Managers | Proceeds (mils) | Rank | Mkt. Share | # of Issues |
Merrill Lynch & Co Inc | 16,256.7 | 1 | 18.3 | 24 |
Citigroup | 11,695.8 | 2 | 13.2 | 25 |
Morgan Stanley | 7,184.7 | 3 | 8.1 | 27 |
Wachovia Corp | 6,951.2 | 4 | 7.8 | 15 |
Bear Stearns & Co Inc | 5,730.8 | 5 | 6.5 | 15 |
Deutsche Bank AG | 5,279.6 | 6 | 6.0 | 14 |
Lehman Brothers | 5,147.7 | 7 | 5.8 | 16 |
UBS | 4,453.1 | 8 | 5.0 | 11 |
Banc of America Securities LLC | 3,996.2 | 9 | 4.5 | 19 |
Credit Suisse First Boston | 3,654.0 | 10 | 4.1 | 9 |
Industry Total | 88,640.0 | - | 100.0 | 214 |
Source: Thomson Financial |
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Spreads ranging from 16-18 basis points over the three-month, interpolated yield curve on the P1 (Moody's) and F1+ (Fitch) notes, to 160 to 170 over the benchmark on the class D notes.
1h ago -
Broken down by product type, the agency's NJCLASS Standard Fixed product should account for a large majority of the loans, 75.4%. NJCLASS Consolidation will account for the next-largest group, 14.1%.
April 24 -
The notes will price against Treasurys, with spreads expected to fall between 85 and 90 basis points over the benchmark.
April 24 -
The JPMorgan Chase CEO took aim Tuesday at the proposed Basel III endgame rules, hindrances to mergers and bureaucratic burdens. "I would love to have a more productive relationship with regulators, but I think it takes conversation," Dimon said.
April 24 -
Bluegreen Vacation originated the loans and Fitch expressed confidence in its record of good performance as servicer.
April 23 -
Many legal experts think the Supreme Court will rule in favor of the Consumer Financial Protection Bureau in a case challenging its funding. Such a ruling would unleash a flurry of litigation that has been on hold pending the outcome of the constitutional challenge.
April 23