| Full Credit to Book (Equal if Joint) U.S. Public ABS Market/144A Market | ||||
| Managers | Proceeds (mils) | Rank | Mkt. Share | # of Issues |
| JP Morgan Securities | 11,405.0 | 1 | 26.0 | 18 |
| Banc of America Securities LLC | 10,090.0 | 2 | 23.0 | 17 |
| Citigroup Global Markets, Inc. | 8,750.0 | 3 | 19.9 | 12 |
| Morgan Stanley & Co. Incorporated | 5,252.6 | 4 | 12.0 | 6 |
| Deutsche Bank Securities, Inc. | 3,175.0 | 5 | 7.2 | 9 |
| ABN AMRO Incorporated | 2,878.1 | 6 | 6.6 | 4 |
| Credit Suisse Securities (USA) LLC | 2,842.6 | 7 | 6.5 | 8 |
| RBS Greenwich Capital | 2,475.0 | 8 | 5.6 | 4 |
| Barclays Capital | 2,350.0 | 9 | 5.4 | 2 |
| Wachovia Securities | 2,025.0 | 10 | 4.6 | 4 |
| Industry Total | 43,875.8 | - | 100.0 | 68 |
| 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%.
3h 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







