AA preps PIK guidance, will replace more loans with bonds later

Bankers working on the PIK toggle bond issue for the Automobile Association plan to release guidance today and price the £350m six year deal as early as this evening or tomorrow.

  • By Stefanie Linhardt
  • 30 Oct 2013

Global coordinators Deutsche Bank and RBS held an investor breakfast in London on Wednesday, which was well attended by some 50 to 60 people, according to a banker close to the deal.

“The majority of questions were around the business and its performance, and feedback was positive,” ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Share % by Volume
1 Societe Generale 13.43
2 Rabobank 12.61
3 Morgan Stanley 10.27
4 Barclays 7.86
5 Natwest Markets (RBS) 7.15

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 27 Mar 2017
1 Bank of America Merrill Lynch 18,561.02 56 11.69%
2 Wells Fargo Securities 18,160.90 57 11.44%
3 JPMorgan 12,092.45 38 7.62%
4 Citi 11,878.92 43 7.48%
5 Credit Suisse 9,276.87 26 5.84%