Santander Consumer UK’s auto deal opens the door to 144A

The sheer scale of demand shown by US investors for Santander Consumer UK’s Motor 2012-1 auto ABS will alert other European borrowers to the 144A format — though those with US shelves may think twice about following suit.

  • 14 Sep 2012

"This deal shows the US market is ready for European issuers," said a syndicate lead on the deal. "It was a true benchmark deal."

Bankers away from the deal, which drew heavy demand, agreed that it was an important trade for the market.

"It will certainly encourage more European ...

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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) 4,755 19 11.75
2 Citi 4,288 14 10.60
3 Rabobank 2,633 4 6.51
4 Goldman Sachs 2,615 4 6.46
5 Barclays 2,603 8 6.43

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 Jul 2017
1 Bank of America Merrill Lynch 57,210.26 177 12.39%
2 Citi 56,957.04 171 12.34%
3 Wells Fargo Securities 47,551.45 149 10.30%
4 JPMorgan 32,965.91 111 7.14%
5 Credit Suisse 23,990.96 75 5.20%