BCA starts its A&E engine, but road to tight prices gets bumpy

British Car Auctions, the UK’s used vehicle sales company, is about to launch additional loan facilities, as well as amending and extending its existing debt.

  • By Olivier Holmey
  • 26 Jun 2013

The launch comes amid signs that market volatility is hitting the levloan market, as pricing on Armacell's cov-lite cross-border deal was flexed by about 100bp (see separate story). 

Some market participants, however, are underplaying the importance of that flex for upcoming deals, including BCA’s.

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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) 3,136 9 12.62
2 Citi 2,562 6 10.31
3 Goldman Sachs 2,150 3 8.65
4 Credit Suisse 1,822 6 7.33
5 Societe Generale 1,814 4 7.30

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
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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%