Peugeot and Premium Finance bring UK ABS

PSA Finance UK, the captive finance arm of Peugeot Citroën in the UK, has just priced its first securitization of UK car loans at 42bp over one month Libor. The deal has been sized at £315m.

  • By Jon Hay
  • 07 Nov 2017

The spread is about in the middle of the initial price thoughts, which were low to mid 40s.

The deal is the latest in a series of debuts by UK car finance banks, after deals from Daimler in September and BMW in October.

Santander, the arranger, and other ...

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GlobalCapital European securitization league table

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

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 111,812.59 321 13.02%
2 Bank of America Merrill Lynch 97,374.77 285 11.34%
3 Wells Fargo Securities 81,904.68 250 9.54%
4 JPMorgan 62,040.18 194 7.22%
5 Credit Suisse 44,939.65 139 5.23%