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 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 %
  • Last updated
  • 16 Jan 2017
1 SG Corporate & Investment Banking 1,260.06 2 126,006,164,037.19%
2 Rabobank 1,081.86 1 108,185,922,974.77%
3 Wells Fargo Securities 430.57 1 43,057,020,785.00%
4 SK Securities 192.86 1 19,286,162,593.99%
4 Meritz Financial Group Inc 192.86 1 19,286,162,593.99%