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 | 8,676.4 | 1 | 16.8 | 11 |
Citigroup | 7,807.5 | 2 | 15.1 | 15 |
Banc of America Securities LLC | 5,653.5 | 3 | 11.0 | 14 |
UBS | 4,779.0 | 4 | 9.3 | 12 |
Deutsche Bank AG | 4,304.0 | 5 | 8.3 | 7 |
Credit Suisse | 3,621.4 | 6 | 7.0 | 5 |
Bear Stearns & Co Inc | 3,551.6 | 7 | 6.9 | 8 |
Goldman Sachs & Co | 2,280.9 | 8 | 4.4 | 4 |
Morgan Stanley | 2,107.5 | 9 | 4.1 | 11 |
Wachovia Corp | 1,857.3 | 10 | 3.6 | 6 |
Industry Total | 51,641.2 | - | 100.0 | 113 |
Source: Thomson Financial |
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The notes will price against Treasurys, with spreads expected to fall between 85 and 90 basis points over the benchmark.
7h ago -
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 -
Lendbuzz sells the notes as it juggles mixed performance results from 2023. Originations and revenues saw huge jumps, but so did operating expenses.
April 23 -
Institutions and their investors are facing pressure from climate activists, cautiously awaiting interest rate cuts and adjusting to new Federal Reserve and FDIC policies.
April 23