Bumper 8 thrives with swollen sterling book

LeasePlan Logo Wiki 230x150
By Owen Sanderson
31 Jan 2017

A UK auto ABS deal from LeasePlan was priced on Tuesday, with the £400m senior tranche more than twice subscribed, underlining the positive tone in the European ABS market as 2017 gets underway.

Investors piled into the deal, with £950m worth of orders coming in for the £400m senior class of bonds.

Lead managers BNP Paribas and Société Générale priced the £400m 1.89 year senior tranche at 53bp over one month Libor, and the £25m 2.85 year 'B' class at ...

Please take a trial or subscribe to access this content.

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

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

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.