| Full Credit to Book (Equal if Joint) U.S. Public ABS Market/144A Market | ||||
| Managers | Proceeds (mils) | Rank | Mkt. Share | # of Issues |
| Morgan Stanley | 1,281.3 | 1 | 57.1 | 2 |
| Citigroup Global Markets | 617.0 | 2 | 27.5 | 1 |
| Lehman Brothers | 344.7 | 3 | 15.4 | 1 |
| Industry Total | 2,242.9 | - | 100.0 | 4 |
| Source: ASR Scorecard database | ||||
An industry sentiment index hit a new low, with 45% of investors saying the current business environment has worsened compared to a year ago.
The aircraft assets will be prefunded, otherwise, the proceeds will refinance 15 vintage aircraft.
Interest will be repaid sequentially. Scheduled principal will be paid based on the scheduled outstanding note balance for the applicable payment period and the note balances.
Lenders reported July declines of HECM endorsements and new securities issuances, but proprietary lending drove a 28% year-over-year surge in originations.
The real-estate investment trust affiliate has been focusing on making more funding available for new loans but also seeks to hold the line on credit quality.
The group is planting a flag for a new structured finance platform and real estate finance team in Miami and is expected to also strengthen Benesch's New York presence with two partners.
