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

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 4,628 18 11.81
2 Citi 4,288 14 10.95
3 Rabobank 2,633 4 6.72
4 Goldman Sachs 2,615 4 6.67
5 Barclays 2,603 8 6.64

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Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 Jul 2017
1 Bank of America Merrill Lynch 57,210.26 177 12.39%
2 Citi 56,957.04 171 12.34%
3 Wells Fargo Securities 47,551.45 149 10.30%
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5 Credit Suisse 23,990.96 75 5.20%