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

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 6,665 23 13.02
2 Citi 5,781 17 11.29
3 BNP Paribas 3,530 14 6.89
4 Barclays 2,853 9 5.57
5 Credit Suisse 2,783 8 5.44

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 99,250.27 279 13.13%
2 Bank of America Merrill Lynch 91,648.43 266 12.13%
3 Wells Fargo Securities 72,661.39 222 9.61%
4 JPMorgan 52,367.24 169 6.93%
5 Credit Suisse 41,885.89 127 5.54%