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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New! GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Citi 7,029 20 10.95
2 Bank of America Merrill Lynch (BAML) 6,703 19 10.45
3 JP Morgan 4,776 10 7.44
4 Credit Suisse 4,718 9 7.35
5 Deutsche Bank 4,262 13 6.64

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Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 17 Oct 2016
1 Wells Fargo Securities 67,591.81 167 11.54%
2 Bank of America Merrill Lynch 57,568.62 162 9.83%
3 JPMorgan 55,390.36 159 9.46%
4 Citi 55,051.46 160 9.40%
5 Credit Suisse 43,756.73 120 7.47%