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 | 29,596.9 | 1 | 13.7 | 43 |
Citigroup | 24,322.6 | 2 | 11.3 | 41 |
Deutsche Bank AG | 21,033.2 | 3 | 9.7 | 28 |
Wachovia Corp | 14,789.8 | 4 | 6.8 | 36 |
Banc of America Securities LLC | 14,124.0 | 5 | 6.5 | 30 |
Credit Suisse | 13,572.0 | 6 | 6.3 | 21 |
Bear Stearns & Co Inc | 12,863.1 | 7 | 6.0 | 25 |
Groupe Caisses d'Epargne | 11,424.1 | 8 | 5.3 | 14 |
Morgan Stanley | 11,341.8 | 9 | 5.3 | 38 |
UBS | 10,786.1 | 10 | 5.0 | 46 |
Industry Total | 215,988.7 | - | 100.0 | 399 |
Source: Thomson Financial |
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There are two series, 2024-1 and 2024-2, that have revolving periods—three for the 2024-1 and five for the 2024-2—during which noteholders will not receive any principal.
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The trust employs a 24-month revolving period. There is an increased risk that collateral quality could deteriorate as the transaction evolves with new collateral.
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