Fund managers propel Ally Financial’s fixed rate auto ABS

Real money interest in Ally Financial’s fixed rate UK auto ABS, E-CARAT, has outstripped that of the bank treasuries which have been the backstop for recent floating rate deals.

  • 10 Dec 2012

Ally Financial, formerly General Motors Acceptance Corporation, decided on Thursday last week to proceed with the deal in fixed rate format.

Leads Lloyds, RBC and Royal Bank of Scotland began taking indications of interest at initial price thoughts of 100bp area over the 2.75% Jan 20156 Gilt. They ...

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GlobalCapital European securitization league table

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2 Rabobank 14.41
3 Morgan Stanley 11.73
4 Barclays 8.99
5 Credit Agricole 7.57

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5 Credit Suisse 9,276.87 26 5.84%