SCGA prices but demand subdued by tight spreads

Santander Consumer Bank Germany got its auto loan securitisation, SCGA 2013-1, safely away on Tuesday, pricing flat to secondary levels despite a difficult market backdrop when books opened on Monday morning.

  • 22 Mar 2013

But bankers on the deal also said there were more signs that some accounts — particularly from the Netherlands — were choosing not to participate in core auto deals because of the lack of yield.

"Some fund managers are dropping out of buying auto ABS because spreads are ...

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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

Bookrunners of Global Structured Finance

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%