Volkswagen to follow Schuldschein with new French auto loan ABS

Volkswagen is in the securitization market for the second time this month with a French auto loan deal, following closely behind a €900m Schuldschein deal that was aimed at gauging investor appetite ahead of an expected return to public unsecured debt markets.

  • By David Bell
  • 16 Mar 2017
The auto maker's €467.5m French auto loan deal ,Driver France Three, features a triple-A rated €448m ‘A’ class with a 1.23 year weighted average life, which is expected to be priced above par. BMW also priced the senior notes of its last French auto ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Share % by Volume
1 Societe Generale 13.43
2 Rabobank 12.61
3 Morgan Stanley 10.27
4 Barclays 7.86
5 Natwest Markets (RBS) 7.15

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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1 Bank of America Merrill Lynch 18,561.02 56 11.69%
2 Wells Fargo Securities 18,160.90 57 11.44%
3 JPMorgan 12,092.45 38 7.62%
4 Citi 11,878.92 43 7.48%
5 Credit Suisse 9,276.87 26 5.84%