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) 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
  • 18 Jul 2017
1 Bank of America Merrill Lynch 57,210.26 177 12.39%
2 Citi 56,957.04 171 12.34%
3 Wells Fargo Securities 47,551.45 149 10.30%
4 JPMorgan 32,965.91 111 7.14%
5 Credit Suisse 23,990.96 75 5.20%