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 Share % by Volume
1 Societe Generale 13.43
2 Rabobank 12.61
3 Morgan Stanley 10.27
4 Barclays 7.86
5 Natwest Markets (RBS) 7.15

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Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 27 Mar 2017
1 Bank of America Merrill Lynch 18,561.02 56 11.69%
2 Wells Fargo Securities 18,160.90 57 11.44%
3 JPMorgan 12,092.45 38 7.62%
4 Citi 11,878.92 43 7.48%
5 Credit Suisse 9,276.87 26 5.84%