Alba sells eclectic Italian lease securitisation

Milan-based Alba Leasing has priced a €680m transaction, known as Alba 5 SPV Srl, which securitised a novel portfolio of diverse lease receivables backed by equipment, vehicles, real estate and transport assets, such as shipping and aircraft.

  • 20 May 2013

The senior €450m class ‘A’ tranche, rated A2 and A by Moody’s Investors Service and Standard & Poor’s, respectively, priced at three month Euribor plus 150bp late last week. The unrated €230m class ‘B’ tranche was not sold. The deal was arranged by Banca IMI.

Alba — a unit ...

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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) 6,415 22 12.84
2 Citi 5,781 17 11.57
3 BNP Paribas 3,530 14 7.06
4 Credit Suisse 2,783 8 5.57
5 Rabobank 2,633 4 5.27

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 98,446.48 276 13.35%
2 Bank of America Merrill Lynch 90,174.33 262 12.23%
3 Wells Fargo Securities 70,282.48 216 9.53%
4 JPMorgan 51,967.93 167 7.05%
5 Credit Suisse 41,447.11 125 5.62%