Swiss auto deal prices tight

BMW sold the latest European auto ABS transaction on Wednesday, with demand driving pricing tighter than initial talk.

  • By Sam Kerr
  • 12 Jul 2017

Bavarian Sky Europe Swiss Auto Leases 2 was arranged by BMW, with Bank of America Merrill Lynch and ING acting as joint lead managers.

The triple-A rated notes were sold at 25bp over one month Euribor. Though wider than where some German auto deals have been priced ...

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1 Bank of America Merrill Lynch (BAML) 7,026 25 11.95
2 Citi 6,449 21 10.96
3 BNP Paribas 5,093 18 8.66
4 Barclays 4,040 11 6.87
5 Lloyds Bank 3,615 14 6.15

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5 Bank of America Merrill Lynch 1,226.20 5 6.94%