Full Credit to Book (Equal if Joint) U.S. Public ABS Market/144A Market | ||||
Managers | Proceeds (mils) | Rank | Mkt. Share | # of Issues |
Countrywide Securities Corp | 41,786.8 | 1 | 14.7 | 41 |
RBS Greenwich Capital | 31,189.6 | 2 | 11.0 | 59 |
Lehman Brothers | 29,538.9 | 3 | 10.4 | 62 |
Credit Suisse First Boston | 24,940.7 | 4 | 8.8 | 46 |
Morgan Stanley | 24,575.5 | 5 | 8.6 | 48 |
Bear Stearns & Co Inc | 19,440.0 | 6 | 6.8 | 41 |
Deutsche Bank AG | 16,919.1 | 7 | 5.9 | 47 |
Citigroup | 15,641.4 | 8 | 5.5 | 47 |
Merrill Lynch & Co Inc | 13,479.1 | 9 | 4.7 | 28 |
Banc of America Securities LLC | 13,365.4 | 10 | 4.7 | 41 |
Industry Total | 284,851.9 | - | 100.0 | 538 |
Source: Thomson Financial |
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Spreads ranging from 16-18 basis points over the three-month, interpolated yield curve on the P1 (Moody's) and F1+ (Fitch) notes, to 160 to 170 over the benchmark on the class D notes.
56m ago -
Broken down by product type, the agency's NJCLASS Standard Fixed product should account for a large majority of the loans, 75.4%. NJCLASS Consolidation will account for the next-largest group, 14.1%.
April 24 -
The notes will price against Treasurys, with spreads expected to fall between 85 and 90 basis points over the benchmark.
April 24 -
The JPMorgan Chase CEO took aim Tuesday at the proposed Basel III endgame rules, hindrances to mergers and bureaucratic burdens. "I would love to have a more productive relationship with regulators, but I think it takes conversation," Dimon said.
April 24 -
Bluegreen Vacation originated the loans and Fitch expressed confidence in its record of good performance as servicer.
April 23 -
Many legal experts think the Supreme Court will rule in favor of the Consumer Financial Protection Bureau in a case challenging its funding. Such a ruling would unleash a flurry of litigation that has been on hold pending the outcome of the constitutional challenge.
April 23