Fiat Unit Issues First ABS Tranche

CNH, the U.S. farming machinery unit of Italian automaker Fiat, has issued the first tranche of an asst-backed security.

  • 27 Mar 2009
CNH, the U.S. farming machinery unit of Italian automaker Fiat, has issued the first tranche of an asst-backed security. According to Sergio Marchionne, Fiat’s ceo, the proceeds of the ABS will be used to repay the parent company a $5.2 billion loan it took last year after the ...

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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) 6,415 22 12.84
2 Citi 5,781 17 11.57
3 BNP Paribas 3,530 14 7.06
4 Credit Suisse 2,783 8 5.57
5 Rabobank 2,633 4 5.27

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 98,446.48 276 13.35%
2 Bank of America Merrill Lynch 90,174.33 262 12.23%
3 Wells Fargo Securities 70,282.48 216 9.53%
4 JPMorgan 51,967.93 167 7.05%
5 Credit Suisse 41,447.11 125 5.62%