FirstRand revs up new Turbo Finance ABS

FirstRand Bank is gearing up for a securitization of UK auto loans from its Turbo Finance shelf, in what will be its fourth issue from the programme.

  • By Joseph McDevitt
  • 31 Oct 2013

FirstRand Bank will roadshow Turbo Finance 4 in London on Monday and Tuesday next week. It has also left Wednesday free for further calls and meetings, if required.

Bank of America Merrill Lynch and HSBC are joint arrangers and bookrunners on the trade.

The deal will ...

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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%