Santander’s Norwegian auto ABS attracts new investor interest

Santander’s Norwegian consumer finance arm priced its fifth Bilkreditt auto loan ABS on Wednesday, attracting orders from several new investors in the process. After selling two public deals this year, it plans to maintain a similar volume of issuance next year.

  • By Joseph McDevitt
  • 15 Nov 2013

Lead managers Credit Suisse, HSBC, JP Morgan, RBC and Santander got off to a solid start on Monday after they tested interest at price thoughts of one month Euribor plus low 40s for the €494m of triple-A rated class ‘A’ notes.

The senior tranche was 1.45 times covered when leads ...

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New! GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Citi 7,171 21 11.00
2 Bank of America Merrill Lynch (BAML) 6,703 19 10.29
3 JP Morgan 4,776 10 7.33
4 Credit Suisse 4,718 9 7.24
5 Deutsche Bank 4,262 13 6.54

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Wells Fargo Securities 68,611.22 170 11.38%
2 Bank of America Merrill Lynch 59,056.08 169 9.80%
3 JPMorgan 56,861.85 163 9.43%
4 Citi 56,521.05 165 9.38%
5 Credit Suisse 44,888.95 123 7.45%