Santander UK’s 144A auto ABS motors ahead as oversubscription drives price tightening

Bumper US demand for Santander UK’s Motor 2012-1 means the 144A auto ABS is set to be priced on Wednesday at spreads well inside initial talk.

  • 12 Sep 2012
Leads Bank of America Merrill Lynch, Citi and Santander GBM have drastically tightened the spread on two of the three dollar tranches on the first ever UK auto deal to be offered in 144A format. They are set to finish pricing the deal late on Wednesday morning, New ...

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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 12.97
2 Citi 5,781 17 11.25
3 BNP Paribas 3,715 15 7.23
4 Barclays 2,853 9 5.55
5 Credit Suisse 2,783 8 5.42

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%