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 | 20,899.6 | 1 | 15.9 | 26 |
Citigroup | 19,200.4 | 2 | 14.6 | 32 |
Deutsche Bank AG | 14,791.1 | 3 | 11.2 | 19 |
Banc of America Securities LLC | 9,548.4 | 4 | 7.3 | 22 |
UBS | 8,224.1 | 5 | 6.3 | 38 |
Credit Suisse | 8,129.2 | 6 | 6.2 | 14 |
Bear Stearns & Co Inc | 8,063.9 | 7 | 6.1 | 16 |
Wachovia Corp | 6,954.0 | 8 | 5.3 | 15 |
Royal Bank of Scotland Group | 6,499.7 | 9 | 4.9 | 8 |
Morgan Stanley | 5,877.5 | 10 | 4.5 | 26 |
Industry Total | 131,566.4 | - | 100.0 | 264 |
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.
5h 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