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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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Share % by Volume
1 Societe Generale 15.35
2 Rabobank 14.41
3 Morgan Stanley 11.73
4 Barclays 8.99
5 Credit Agricole 7.57

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
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1 Wells Fargo Securities 11,897.40 33 11.83%
2 Bank of America Merrill Lynch 9,837.56 29 9.78%
3 Citi 9,714.54 32 9.66%
4 JPMorgan 7,997.38 24 7.95%
5 Credit Suisse 6,335.67 14 6.30%