Ford Closes Euro Auto ABS

Essex, U.K.-based FCE Bank, the European financing arm of the Ford Motor Company, has closed a €507 million ($742 million) securitization of German auto leases.

  • 30 Sep 2009

-- Daniel O’Leary

Essex, U.K.-based FCE Bank, the European financing arm of the Ford Motor Company, has closed a €507 million ($742 million) securitization of German auto leases. The €467.35 million ($684 million) of Globaldrive Auto Receivables’ class A notes were privately placed with investors when the deal settled ...

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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

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1 Bank of America Merrill Lynch 57,945.74 181 12.35%
2 Citi 57,243.86 174 12.20%
3 Wells Fargo Securities 48,214.86 152 10.28%
4 JPMorgan 33,301.70 114 7.10%
5 Credit Suisse 25,010.27 80 5.33%