GE Money Bank preparing sophomore lease ABS

GE Money Bank AG is revving up its second securitisation, Swiss Auto Lease 2013-1 GmbH, following its market debut in the spring of 2012. Credit Suisse is sole arranger and lead manager on the deal.

  • 10 Jun 2013

The deal securitises both the payment streams from auto leases made by GE Money to mostly private customers in Switzerland, as well as the residual value of cashflows from auto dealers. The lease contracts, which total about Sfr329m ($351.2m), finance about 58% new cars and 42% used cars.

GE ...

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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) 6,665 23 12.97
2 Citi 5,781 17 11.25
3 BNP Paribas 3,715 15 7.23
4 Barclays 2,853 9 5.55
5 Credit Suisse 2,783 8 5.42

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Rank Lead Manager Amount $m No of issues Share %
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1 Citi 99,250.27 279 13.04%
2 Bank of America Merrill Lynch 92,153.61 267 12.10%
3 Wells Fargo Securities 72,661.39 222 9.54%
4 JPMorgan 52,367.24 169 6.88%
5 Credit Suisse 41,885.89 127 5.50%