Volkswagen joins growing ABS pipeline

Volkswagen Financial Services has turned to its VCL programme for its first auto lease securitization of the year, adding to growing momentum in the European ABS pipeline.

  • By Joseph McDevitt
  • 22 Jan 2014

VCL 19 will offer investors €697.5m of triple-A rated class ‘A’ notes, with 1.24 year weighted average life and 8.2% credit enhancement, and €22.5m of single-A rated ‘B’ notes with 1.77 year WAL and 5.2% credit enhancement.

Volkswagen has hired Barclays and Commerzbank as lead managers on ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Share % by Volume
1 Citi 10.72
2 Bank of America Merrill Lynch (BAML) 10.66
3 Credit Suisse 6.45
4 Lloyds Bank 6.42
5 JP Morgan 6.35

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%