Japanese investors pile into VW Driver Japan auto ABS

Volkswagen’s second Driver Japan auto ABS has received a warm response from Japanese institutional investors, allowing the leads to tighten guidance without opening the deal up to offshore accounts.

  • 12 Feb 2013
Goldman Sachs and Mitsubishi UFJ Morgan Stanley initially marketed the ¥25bn ($267m) deal last week at yen offer-side (OS) swaps plus 24bp-29bp. At that level, the deal enjoyed a barrage of interest from domestic investors, according to a banker on the trade, enabling the spread to be tightened ...

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GlobalCapital European securitization league table

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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 %
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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%