Premium Finance insurance ABS draws big demand

Demand for sterling ABS is surging, with a deal from Premium Finance on Wednesday attracting heavy subscription levels across the capital stack.

  • By Sam Kerr
  • 08 Nov 2017

The £255m class ‘A’ notes were priced at 65bp over Libor and were covered 1.9 times. The class ‘B’ and class ‘C’ bonds were printed at 140bp and 185bp over and were covered 4.2 times and 6.4 times respectively.

All the notes have a 3.58 year weighted average ...

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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 %
  • Last updated
  • Today
1 Citi 108,190.43 309 12.88%
2 Bank of America Merrill Lynch 95,782.14 279 11.40%
3 Wells Fargo Securities 80,847.28 245 9.63%
4 JPMorgan 58,524.24 184 6.97%
5 Credit Suisse 43,977.05 134 5.24%