Credit Suisse sells second ever Swisscard securitisation

Credit Suisse and Swisscard, the Swiss subsidiary of American Express, priced their second ever credit card securitisation on Wednesday afternoon, with many of last year’s first time buyers willing to participate again.

  • 10 Apr 2013
This year’s Swisscard deal, at Sfr200m ($214m), is smaller than last year’s debut offering of Sfr370m. The structure, however, is similar. The Sfr189.8m of fixed rate triple-A rated class ‘A’ notes have a first call date after three years, followed by another two years to legal final maturity ...

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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) 4,755 19 11.75
2 Citi 4,288 14 10.60
3 Rabobank 2,633 4 6.51
4 Goldman Sachs 2,615 4 6.46
5 Barclays 2,603 8 6.43

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 83,931.01 244 12.94%
2 Bank of America Merrill Lynch 71,587.85 220 11.03%
3 Wells Fargo Securities 64,351.96 203 9.92%
4 JPMorgan 46,391.25 147 7.15%
5 Credit Suisse 37,323.31 115 5.75%