Full Credit to Book (Equal if Joint) U.S. Public ABS Market/144A Market | ||||
Managers | Proceeds (mils) | Rank | Mkt. Share | # of Issues |
Citigroup | 8,982.0 | 1 | 24.5 | 13 |
Banc of America Securities LLC | 8,235.0 | 2 | 22.5 | 12 |
JP Morgan | 7,824.7 | 3 | 21.4 | 18 |
Deutsche Bank AG | 2,924.9 | 4 | 8.0 | 8 |
Morgan Stanley | 1,929.0 | 5 | 5.3 | 3 |
Barclays Capital | 1,900.0 | 6 | 5.2 | 5 |
Credit Suisse | 1,375.0 | 7 | 3.8 | 7 |
ABN AMRO | 1,000.0 | 8 | 2.7 | 5 |
HSBC Holdings PLC | 1,000.0 | 8 | 2.7 | 1 |
Merrill Lynch & Co Inc | 500.0 | 10 | 1.4 | 2 |
Industry Total | 36,620.5 | - | 100.0 | 56 |
Source: Thomson Financial |
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There are two series, 2024-1 and 2024-2, that have revolving periods—three for the 2024-1 and five for the 2024-2—during which noteholders will not receive any principal.
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The trust employs a 24-month revolving period. There is an increased risk that collateral quality could deteriorate as the transaction evolves with new collateral.
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