Full Credit to Book (Equal if Joint) U.S. Public ABS Market/144A Market | ||||
Managers | Proceeds (mils) | Rank | Mkt. Share | # of Issues |
Citigroup | 7,352.6 | 1 | 20.1 | 14 |
Morgan Stanley | 5,873.6 | 2 | 16.0 | 11 |
Merrill Lynch & Co Inc | 5,143.5 | 3 | 14.0 | 11 |
Credit Suisse First Boston | 4,203.5 | 4 | 11.5 | 9 |
Deutsche Bank AG | 3,841.8 | 5 | 10.5 | 7 |
JP Morgan | 3,071.2 | 6 | 8.4 | 7 |
UBS | 2,368.0 | 7 | 6.5 | 5 |
Banc of America Securities LLC | 2,090.1 | 8 | 5.7 | 6 |
Lehman Brothers | 956.3 | 9 | 2.6 | 2 |
BANK ONE Corp | 507.6 | 10 | 1.4 | 1 |
Industry Total | 36,663.0 | - | 100.0 | 37 |
Source: Thomson Financial |
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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