Ally plans fixed-rate UK auto ABS amid more certain future

Ally Financial is planning to include a short dated fixed rate tranche in its new UK-backed auto ABS, E-CARAT. The deal comes a week after General Motors agreed a $4.2bn takeover of Ally Financial’s European, Latin American and Chinese business operations.

  • 29 Nov 2012

The takeover negotiations dictated the timing of the deal, though the favourable spread environment also helped convince the borrower to come to market, a lead on the deal said.

Ally Financial, formerly General Motors Acceptance Corporation (GMAC), has hired Lloyds, RBC and RBS as joint leads for the ...

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Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 3,319 10 12.84
2 Citi 2,562 6 9.92
3 Goldman Sachs 2,150 3 8.32
4 Credit Suisse 1,822 6 7.05
5 Societe Generale 1,814 4 7.02

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  • Last updated
  • 22 May 2017
1 Citi 41,255.30 117 12.99%
2 Bank of America Merrill Lynch 37,631.92 109 11.85%
3 Wells Fargo Securities 32,082.26 89 10.11%
4 JPMorgan 20,969.41 64 6.60%
5 Credit Suisse 16,754.47 44 5.28%