European securitisation issuance established a record in 2006 with an estimated EUR 458.9 billion, surpassing the previous record of EUR 327.0 billion issued in 2005.

Issuance in the fourth quarter also established a fourth quarter record with EUR 177.1 billion, 60.6 percent higher than the third quarter and 23.6 percent higher than the fourth quarter of 2005. Historically, the fourth quarter has been the strongest issuance quarter of the year.

RMBS, CDO and CMBS sectors were the leading growth collateral sectors.

About the Report

The ESF data report (now AFME / ESF data report), done in partnership with AFME / ESF, is a quarterly report that consolidates both U.S. and European data for the securitisation markets:

• issuance activity;
• deal sizes;
• outstanding balances;

For more information on AFME’s efforts in the European structured finance sector, please visit AFME.

Credits

AFME / ESF

• Rick Watson
• Carloes Echave
• Marco Angheben

SIFMA Research

• Michael Decker
• Steve Davidson
• Marcelo Vieira
• Tiffany Coln
• Bryan Gross