Full Credit to Book (Equal if Joint) U.S. Public ABS Market/144A Market | ||||
Managers | Proceeds (mils) | Rank | Mkt. Share | # of Issues |
Citigroup | 7,215.1 | 1 | 19.3 | 9 |
Deutsche Bank AG | 6,216.7 | 2 | 16.7 | 9 |
Merrill Lynch & Co Inc | 3,420.1 | 3 | 9.2 | 3 |
Credit Suisse | 3,306.5 | 4 | 8.9 | 6 |
Goldman Sachs & Co | 2,869.6 | 5 | 7.7 | 3 |
Lehman Brothers | 2,834.1 | 6 | 7.6 | 2 |
Morgan Stanley | 2,568.2 | 7 | 6.9 | 3 |
Banc of America Securities LLC | 2,550.5 | 8 | 6.8 | 4 |
Wachovia Corp | 1,610.0 | 9 | 4.3 | 1 |
RBC Capital Markets | 1,553.0 | 10 | 4.2 | 2 |
Industry Total | 37,347.4 | - | 100.0 | 27 |
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