VW takes French ABS by storm, Aussie debut next

Volkswagen will continue its global expansion of auto ABS platforms with a debut deal in Australia later this year, after pricing its Driver France debut securitization comfortably inside French originators.

  • By Joseph McDevitt
  • 05 Sep 2013
Lead managers Barclays, BNP Paribas and VW Financial Services priced the two tranche Driver France FCT Compartiment 2013-1 on Thursday. The €465m of 1.37 year triple-A rated class 'As' were printed at 35bp over one month Libor, and the €16.2m of 1.77 year A1/A+/A(high) rated class 'Bs' were ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Share % by Volume
1 Societe Generale 41.30
2 Rabobank 35.35
3 Morgan Stanley 11.45
4 BNP Paribas 5.95
4 Credit Agricole 5.95

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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1 CITIC Securities 1,560.67 2 10.70%
2 SG Corporate & Investment Banking 1,445.74 4 9.92%
3 Wells Fargo Securities 1,187.61 3 8.15%
4 Rabobank 1,081.86 1 7.42%
5 Bank of America Merrill Lynch 831.08 4 5.70%