| Full Credit to Book (Equal if Joint) U.S. Public ABS Market/144A Market | ||||
| Managers | Proceeds (mils) | Rank | Mkt. Share | # of Issues |
| Merrill Lynch | 31,645.6 | 1 | 15.8 | 38 |
| Citigroup Global Markets | 26,935.1 | 2 | 13.4 | 38 |
| Wachovia Securities | 15,996.7 | 3 | 8.0 | 27 |
| JPMorgan Securities | 15,016.9 | 4 | 7.5 | 25 |
| Morgan Stanley | 12,413.5 | 5 | 6.2 | 56 |
| Banc of America Securities | 12,380.4 | 6 | 6.2 | 14 |
| Deutsche Bank | 11,584.1 | 7 | 5.8 | 26 |
| UBS | 11,109.7 | 8 | 5.5 | 26 |
| Bear Stearns | 9,685.5 | 9 | 4.8 | 17 |
| Lehman Brothers | 8,402.0 | 10 | 4.2 | 16 |
| Industry Total | 200,422.4 | - | 100.0 | 354 |
| 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







