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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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) 4,755 19 11.75
2 Citi 4,288 14 10.60
3 Rabobank 2,633 4 6.51
4 Goldman Sachs 2,615 4 6.46
5 Barclays 2,603 8 6.43

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 84,503.31 246 12.96%
2 Bank of America Merrill Lynch 71,587.85 220 10.98%
3 Wells Fargo Securities 65,360.43 206 10.03%
4 JPMorgan 46,548.88 148 7.14%
5 Credit Suisse 37,323.31 115 5.73%