Revving up: Mercedes-Benz, Ford price auto loan ABS

Daimler’s subsidiary Mercedes-Benz Auto Finance priced its first transaction under the Silver Arrow China series in 2017, while Ford Automotive Finance (China) also wrapped up its auto loan ABS, Fuyuan 2017-1.

  • By Addison Gong
  • 19 Apr 2017

On Tuesday, lead underwriter Citic Securities priced Silver Arrow 2017-1’s Rmb5.23bn ($758m) class A at a coupon of 4.7%. Bank of Tokyo-Mitsubishi UFJ and ICBC are joint lead underwriters, with the former also being the financial adviser. Bank of Ningbo, Donghai Securities and First Capital Securities were ...

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Panda Bonds Top Arrangers

Rank Arranger Share % by Volume
1 Bank of China (BOC) 28.15
2 CITIC Securities 21.52
3 China CITIC Bank Corp 9.93
4 China Merchants Bank Co 9.38
5 Industrial and Commercial Bank of China (ICBC) 7.73

Bookrunners of Asia-Pac (ex-Japan) ECM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 CITIC Securities 11,427.98 67 5.85%
2 Goldman Sachs 9,298.39 45 4.76%
3 UBS 9,294.44 70 4.76%
4 China Securities Co Ltd 9,276.15 41 4.75%
5 China International Capital Corp Ltd 9,131.08 44 4.68%

Bookrunners of Asia Pacific (ex-Japan) G3 DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 28,421.28 190 8.22%
2 Citi 25,455.77 157 7.36%
3 JPMorgan 21,282.04 124 6.15%
4 Bank of America Merrill Lynch 18,072.67 94 5.23%
5 Standard Chartered Bank 14,573.61 109 4.21%

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