US ABS primary slows but secondary sees action

The US ABS market is putting the brakes on as August winds down, but while the primary market quiets, observers say investors are stepping into the secondary market to look for opportunities.

  • By Sasha Padbidri
  • 21 Aug 2017
After a record August for consumer ABS issuance, with over $17bn priced month-to-date, the market is expected to slow down over the next two weeks. Consumer ABS deal flow is expected to be thin going into Labor Day. OneMain Financial filed documents on Monday with the Securities and ...

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Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 7,026 25 11.95
2 Citi 6,449 21 10.96
3 BNP Paribas 5,093 18 8.66
4 Barclays 4,040 11 6.87
5 Lloyds Bank 3,615 14 6.15

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1 Citi 108,190.43 309 12.88%
2 Bank of America Merrill Lynch 95,782.14 279 11.40%
3 Wells Fargo Securities 80,847.28 245 9.63%
4 JPMorgan 58,524.24 184 6.97%
5 Credit Suisse 43,977.05 134 5.24%