| Full Credit to Book (Equal if Joint) U.S. Public ABS Market/144A Market | ||||
| Managers | Proceeds (mils) | Rank | Mkt. Share | # of Issues |
| Merrill Lynch | 31,935.6 | 1 | 17.0 | 37 |
| Citigroup Global Markets | 26,497.0 | 2 | 14.1 | 35 |
| Wachovia Securities | 14,702.8 | 3 | 7.8 | 24 |
| JPMorgan Securities | 12,754.9 | 4 | 6.8 | 22 |
| Banc of America Securities | 11,793.1 | 5 | 6.3 | 13 |
| Morgan Stanley | 11,481.6 | 6 | 6.1 | 50 |
| Deutsche Bank Securities | 10,836.6 | 7 | 5.8 | 22 |
| UBS | 10,117.2 | 8 | 5.4 | 23 |
| Bear Stearns | 9,685.5 | 9 | 5.2 | 17 |
| Lehman Brothers | 8,402.0 | 10 | 4.5 | 16 |
| Industry Total | 188,024.6 | - | 100.0 | 321 |
| Source: Thomson Financial | ||||
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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%.
2h 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 -
Federal Reserve Chair Kevin Warsh framed the central bank's move to increase interest rates as a moderate adjustment to rapid economic growth during his post-Federal Open Market Committee press conference.
September 16







