| MANAGER ACTIVITY | ||||
| Full Credit to Book (Equal if Joint) U.S. Public ABS Market/144A Market | ||||
| STUDENT LOAN ABS | ||||
| Managers | Proceeds (mils) | Rank | Mkt. Share | # of Issues |
| Banc of America Securities | 8,428.2 | 1 | 22.335 | 8 |
| JPMorgan Securities | 5,973.5 | 2 | 15.83 | 6 |
| Deutsche Bank Securities | 3,551.49 | 3 | 9.412 | 5 |
| Credit Suisse | 3,423.1 | 4 | 9.071 | 4 |
| Barclays Capital | 2,544.83 | 5 | 6.744 | 2 |
| RBC Capital Markets | 2,531.0 | 6 | 6.707 | 3 |
| Goldman Sachs | 2,326.17 | 7 | 6.164 | 3 |
| Citigroup Global Markets | 2,107.4 | 8 | 5.585 | 3 |
| Morgan Stanley | 2,090.1 | 9 | 5.539 | 2 |
| Lehman Brothers | 1,380.67 | 10 | 3.659 | 1 |
| Industry Total | 37,735.2 | – | 100.0 | 20 |
| Source: ASR Scorecard database | ||||
More From Asset Securitization Report
North Texas Higher Education trust issues $50 million in student loan ABS
The 2025A bonds will have parity with all senior bonds that have been previously issued, and any senior bonds issued in future deals.
Nelnet sells $1.5 billion in student loan ABS
Most of the capital structure will pay fixed-rates to noteholders, except for the A1B notes, which offers floating-rate notes pegged to the one-month SOFR.
Private Iowa student loans back $160.9 million
Most of the pool, 68.6%, is in the repayment phase, while 19.1% of the loans in the pool are in deferment.
More consumers are in delinquency as student loans sour
Late-payment rates among U.S. borrowers rose again in the second quarter, according to a report from the New York Fed. The trend reflects a sharp increase in student loan delinquencies, which have been climbing as pandemic-era policies have expired.
North Carolina student loan provider raises $69.2 million in ABS
Credit support to the bonds range from 28.48% to 32.30%. They provide coverage of about 3.0x-3.4x of its base-case net loss in the 'A' stressed, break-even cash flow scenarios.
