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 | 13,730.0 | 1 | 19.3 | 30 |
Morgan Stanley | 6,696.4 | 2 | 9.4 | 19 |
Citigroup | 5,913.9 | 3 | 8.3 | 22 |
UBS | 5,589.1 | 4 | 7.9 | 10 |
Credit Suisse First Boston | 5,568.8 | 5 | 7.8 | 14 |
Wachovia Corp | 4,739.4 | 6 | 6.7 | 18 |
Deutsche Bank AG | 4,429.6 | 7 | 6.2 | 11 |
Goldman Sachs & Co | 4,297.5 | 8 | 6.0 | 8 |
JP Morgan | 4,204.6 | 9 | 5.9 | 11 |
Bear Stearns & Co Inc | 3,488.8 | 10 | 4.9 | 14 |
Industry Total | 71,225.4 | - | 100.0 | 196 |
Source: Thomson Financial |
-
Notes A, B and C benefit from credit enhancement amounting to 33.3%, 16.2% and 7.0%, and the deal's capital structure will repay investors on a combined pro-rata and sequential basis.
May 7 -
Originators increased program offerings for the fifth consecutive month, but overall credit availability remains tight, the Mortgage Bankers Association said.
May 7 -
The top five issuers in the pool represent 4.73% of the pool, which is noticeably more diversified compared with the 12.50% concentration, according to Fitch's stressed portfolio at initial expected matrix point.
May 7 -
Rep. Andy Barr, R-Ky., is introducing a bill to establish an Office of Supervisory Appeals at each of the banking regulators that would give banks more power over the appeals process.
May 7 -
Price growth is decelerating but still driving historic home equity gains for owners and widening the gap between the haves and have-nots in housing, ICE finds.
May 6 -
Under the capital structure the senior notes will be repaid on a pro rata basis. Otherwise, the notes in the structure will benefit from excess spread and a senior-subordinate structure.
May 6