Avis preps novel euro car fleet deal securitising residual value

Avis Budget Group is preparing its debut in Europe’s securitisation market — a €500m private placement to finance its subsidiary car rental businesses in Germany, Spain and Italy.

  • 15 Mar 2013

Crédit Agricole is lead manager and arranger on the deal, which securitises the residual value (RV) of Avis’s car rental fleets. Such RV securitisations remain rare in Europe post-crisis, but the trade is being seen as a positive step for the region’s securitisation market.

Laurent Haik, head of operating ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Share % by Volume
1 Societe Generale 15.35
2 Rabobank 14.41
3 Morgan Stanley 11.73
4 Barclays 8.99
5 Credit Agricole 7.57

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 27 Feb 2017
1 Wells Fargo Securities 11,897.40 33 11.83%
2 Bank of America Merrill Lynch 9,837.56 29 9.78%
3 Citi 9,714.54 32 9.66%
4 JPMorgan 7,997.38 24 7.95%
5 Credit Suisse 6,335.67 14 6.30%