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 | 19,472.7 | 1 | 18.2 | 28 |
Citigroup | 15,458.7 | 2 | 14.4 | 32 |
Bear Stearns & Co Inc | 8,783.8 | 3 | 8.2 | 21 |
Morgan Stanley | 8,498.7 | 4 | 7.9 | 30 |
Wachovia Corp | 8,359.9 | 5 | 7.8 | 16 |
Deutsche Bank AG | 6,679.6 | 6 | 6.2 | 16 |
Banc of America Securities LLC | 6,524.5 | 7 | 6.1 | 22 |
JP Morgan | 5,293.0 | 8 | 4.9 | 14 |
UBS | 5,278.1 | 9 | 4.9 | 12 |
Lehman Brothers | 5,147.7 | 10 | 4.8 | 16 |
Industry Total | 107,148.6 | - | 100.0 | 248 |
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.
9h ago -
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