FirstRand out with IPTs for Turbo Finance

Leads on FirstRand Bank’s latest Turbo Finance UK auto loan securitization started taking indications of interest on Thursday morning, a day after the bank rounded off a three day UK roadshow.

  • By Joseph McDevitt
  • 07 Nov 2013

Bank of America Merrill Lynch and HSBC put out price thoughts of one month Libor plus 60bp-65bp for the £328.9m triple-A rated ‘A’ tranche and the same benchmark plus 115bp-120bp for the £33.6m A1/A+ rated (Moody’s/Fitch) ‘B’ tranche.

Leads were not certain whether pricing would finish on ...

Please take a trial or subscribe to access this content.

Contact Mark Goodes to discuss your access:

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: or find out more online here.

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Share % by Volume
1 Societe Generale 15.35
2 Rabobank 14.41
3 Morgan Stanley 11.73
4 Barclays 8.99
5 Credit Agricole 7.57

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 27 Feb 2017
1 Wells Fargo Securities 11,897.40 33 11.83%
2 Bank of America Merrill Lynch 9,837.56 29 9.78%
3 Citi 9,714.54 32 9.66%
4 JPMorgan 7,997.38 24 7.95%
5 Credit Suisse 6,335.67 14 6.30%