Correction time for subprime autos as AmeriCredit squeezes through

US auto lender AmeriCredit paid up for its latest subprime loan securitization this week, after a period of widening in the sector sparked by increased regulatory scrutiny. While the deal did get away successfully, market participants were left wondering why it was brought to market in such poor conditions.

  • By Will Caiger-Smith
  • 20 Aug 2014


Trading volumes of auto ABS were normalising this week, after some $1.17bn of paper changed hands the week before last, according to data from Empirasign. But having seen a block of its legacy paper trade at a discount last week, AmeriCredit was forced to pay up to 45bp ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 393,149.84 1484 9.02%
2 JPMorgan 359,273.23 1632 8.24%
3 Bank of America Merrill Lynch 345,204.73 1224 7.92%
4 Goldman Sachs 257,794.01 867 5.91%
5 Barclays 253,576.08 996 5.82%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 36,809.20 177 6.30%
2 Deutsche Bank 36,549.85 129 6.26%
3 BNP Paribas 30,786.06 186 5.27%
4 Bank of America Merrill Lynch 30,712.91 97 5.26%
5 Barclays 30,558.69 87 5.23%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 21,398.51 94 8.79%
2 Morgan Stanley 17,574.08 91 7.22%
3 Citi 16,974.50 104 6.97%
4 UBS 16,643.68 66 6.84%
5 Goldman Sachs 16,179.39 87 6.65%