Santander opens books for German auto ABS

Santander Consumer Bank AG opened books for its SC Germany 2013-2 car loan securitization on Wednesday morning, with price thoughts on the senior tranche notably wider than on other recent German auto issues.

  • By Joseph McDevitt
  • 10 Jul 2013

The €549m 1.68-year average life class ‘A’ notes have initial price thoughts in the low 50s over one month Euribor. The 4.04 year ‘B’ tranche, of €51m, will be retained by the issuer.

Santander, HSBC, Natixis and UniCredit are joint lead managers. Santander is sole arranger. The deal ...

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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

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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%