Carrefour Banque finds solid bid for rare credit card deal

Carrefour Banque’s debut credit card securitization will be priced on Friday morning after attracting a solid bid on the back of the borrower’s full week roadshow.

  • By Joseph McDevitt
  • 14 Nov 2013

Lead managers HSBC, Natixis and Société Générale tested investor appetite on Wednesday, putting out initial price thoughts of one month plus 65bp area for the €400m of triple-A rated ‘A2013-1’ senior notes on offer. The tranche has 1.58 year WAL and 27.92% credit enhancement.

By Thursday afternoon the ...

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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) 3,319 10 12.84
2 Citi 2,562 6 9.92
3 Goldman Sachs 2,150 3 8.32
4 Credit Suisse 1,822 6 7.05
5 Societe Generale 1,814 4 7.02

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 22 May 2017
1 Citi 41,255.30 117 12.99%
2 Bank of America Merrill Lynch 37,631.92 109 11.85%
3 Wells Fargo Securities 32,082.26 89 10.11%
4 JPMorgan 20,969.41 64 6.60%
5 Credit Suisse 16,754.47 44 5.28%