SocGen equipment loan ABS finds broad distribution

Investor interest in Société Générale’s Red & Black TME Germany was undimmed during pricing on Wednesday, even at a final spread that came close to top tier auto ABS despite being a new asset class — equipment loans — and a new issuer.

  • 06 Feb 2013

Leads Credit Suisse and Société Générale priced the deal at 50bp over one month Euribor for the one year €513m class ‘A’ notes.

“The pricing is pretty phenomenal for this type of collateral,” said one banker on the deal. “It’s an inaugural issuer and inaugural asset class, and ...

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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%