Banque PSA and BMW market new ABS issues

Banque PSA Finance is preparing a new securitisation of French auto loans, continuing a busy month of issuance in the ABS market for Peugeot-Citroën’s auto lending arm. BMW has also started investor meetings for a new Bavarian Sky transaction.

  • 24 May 2013
Auto ABS FCT Compartiment 2013-2 will offer investors €450m of triple-A rated notes with a 2.65 year weighted average life and 9% credit enhancement, as well as €19.7m of class ‘B’ A2/A+ (Moody’s/Fitch) rated notes with a 4.97 year WAL and 5% credit enhancement. Banque PSA will retain ...

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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

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 99,250.27 279 13.11%
2 Bank of America Merrill Lynch 92,153.61 267 12.17%
3 Wells Fargo Securities 72,661.39 222 9.59%
4 JPMorgan 52,367.24 169 6.91%
5 Credit Suisse 41,885.89 127 5.53%