| Full Credit to Book (Equal if Joint) U.S. Public ABS Market/144A Market | ||||
| Managers | Proceeds (mils) | Rank | Mkt. Share | # of Issues |
| Merrill Lynch | 27,602.0 | 1 | 18.4 | 31 |
| Citigroup Global Markets | 20,468.0 | 2 | 13.7 | 28 |
| Morgan Stanley | 14,652.6 | 3 | 9.8 | 47 |
| JPMorgan Securities | 11,588.9 | 4 | 7.7 | 20 |
| Wachovia Securities | 9,636.8 | 5 | 6.4 | 17 |
| UBS | 8,342.0 | 6 | 5.6 | 15 |
| Barclays Capital | 8,133.7 | 7 | 5.4 | 10 |
| Deutsche Bank Securities | 7,846.6 | 8 | 5.2 | 17 |
| Banc of America Securities | 7,166.7 | 9 | 4.8 | 8 |
| Bear Stearns | 6,767.9 | 10 | 4.5 | 13 |
| Industry Total | 149,725.2 | - | 100.0 | 257 |
| Source: Thomson Financial | ||||
-
GDLP 2026-2 also has lower levels of initial credit enhancement compared to GDLP 2026-1, at 6.12% versus 5.74%; overcollateralization at 23.90% versus 24.92% and total gross excess spread of 5.55% versus 5.98%.
4h ago -
Federal Reserve Vice Chair for Supervision Michelle Bowman Friday highlighted a pair of new provisions to the final stress test framework that arose from public commentary submitted to the agency last year.
6h ago -
To keep cash flowing to the notes, the deal's senior notes have an interest reserve account covering three months' worth of class A note interest payments and fees.
September 17 -
Classes A-1FCF through A-1F will repay noteholders on a pro rata basis, while classes A2 through B3 will be repaid sequentially.
September 17 -
Last week's bond market turmoil continued leading up to the FOMC decision on Wednesday, pushing the 30-year fixed to near or over 7%, depending on the source.
September 17 -
The Elliot-backed manager doubles down on research and expertise to confront market challenges, including tight arbitrage and a looming 2028 debt maturity wall.
September 17







