Fiat prices inside Peugeot but with more NIP on €400m tap

Fiat joined the spate of deals this week by Europe’s high yield-rated carmakers with a €400m tap of the €850m bond it had issued exactly two months earlier.

  • By Jon Hay
  • 13 Sep 2013

Rated B1 (negative)/BB- (stable)/BB- (negative), Fiat Finance and Trade’s ratings are more or less identical to those of Peugeot, which had issued a €600m bond two days earlier. Renault (Ba1/BB+) came on the Wednesday in between.

Fiat paid a fatter new issue premium than the other two — ...

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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) 3,319 10 12.84
2 Citi 2,562 6 9.92
3 Goldman Sachs 2,150 3 8.32
4 Credit Suisse 1,822 6 7.05
5 Societe Generale 1,814 4 7.02

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 22 May 2017
1 Citi 41,255.30 117 12.99%
2 Bank of America Merrill Lynch 37,631.92 109 11.85%
3 Wells Fargo Securities 32,082.26 89 10.11%
4 JPMorgan 20,969.41 64 6.60%
5 Credit Suisse 16,754.47 44 5.28%