GM, CPS price first auto ABS deals of 2018

GM Financial and Consumer Portfolio Services hit the ABS primary market with the first US auto loan transactions of the year on Tuesday, with heavy demand for paper helping both issuers tighten pricing from guidance.

  • By Max Adams
  • 09 Jan 2018
Citi led the $190m CPS subprime offering, CPSART 2018-A. Pricing on all classes of the deal was tightened from guidance, with the $88.46m ‘A’ class priced at 27bp over euro dollar spot forward, from the 30bp area given at guidance. The senior bonds were rated triple-A by ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 BNP Paribas 15,256 32 16.83
2 Bank of America Merrill Lynch (BAML) 10,179 30 11.23
3 Citi 9,751 23 10.76
4 Lloyds Bank 7,329 24 8.09
5 JP Morgan 6,580 10 7.26

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1 RBC Capital Markets 801.51 2 13.30%
2 Citi 783.55 4 13.01%
3 Wells Fargo Securities 606.78 3 10.07%
4 Credit Suisse 534.82 2 8.88%
5 SG Corporate & Investment Banking 497.64 2 8.26%