Full Credit to Book (Equal if Joint) U.S. Public ABS Market/144A Market | ||||
Managers | Proceeds (mils) | Rank | Mkt. Share | # of Issues |
Morgan Stanley | 2,249.7 | 2 | 21.1 | 3 |
Banc of America Securities LLC | 1,462.0 | 3 | 13.7 | 3 |
Credit Suisse First Boston | 1,058.0 | 4 | 9.9 | 3 |
Merrill Lynch & Co Inc | 1,000.0 | 5 | 9.4 | 1 |
HSBC Holdings PLC | 708.0 | 6 | 6.6 | 2 |
ABN AMRO | 250.0 | 7 | 2.3 | 1 |
Industry Total | 10,685.7 | - | 100.0 | 10 |
Source: Thomson Financial |
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The fixed, tax-exempt notes have about 137.5% in expected senior bond parity and 124.1% in subordinate bond parity levels.
3h ago -
Moody's took note of several credit strengths in the portfolio, including that on a weighted average (WA) basis, the contracts have a weighted average FICO score of 767 and only a point higher for the upsized pool.
April 30 -
Plaintiffs seeking class certification claim the bank uses an underwriting system that discriminates against minority mortgage applicants.
April 30 -
Consolidation has slowed since the pandemic, but UMB's agreement to buy Heartland Financial — the largest deal in three years — is one of several merger announcements in the past two weeks. Talks among other potential buyers and sellers are said to be picking up.
April 30 -
Used cars make up virtually American Credit Acceptance entire collateral pool, and while observers said recoveries in this asset group have been lower, the pool includes a higher percentage of better performing called collateral.
April 30 -
The company's attorneys had previously managed to successfully decertify the class in the seven-year long case, but the decision was reversed last year.
April 29