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Demand swells for VW Spanish auto deal

Volkswagen Finance is riding the wave of demand for Spanish assets that followed the country’s recent upgrade and bond sale, tightening pricing and increasing the deal size for its Driver España auto ABS.

  • By Bill Thornhill
  • 29 Jan 2018

The €750m 1.7 year ‘A’ class notes of Driver España Five were more than two times subscribed on Monday morning, but were 2.7 times covered by the afternoon.

Guidance of 27bp area over one month Euribor, which had been tightened from high 20bp area initially, was revised ...

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Panda Bonds Top Arrangers

Rank Arranger Share % by Volume
Excludes PPs. Click for full table
1 Industrial and Commercial Bank of China (ICBC) 18.15
1 Bank of China (BOC) 18.15
3 China Construction Bank (CCB) 14.11
4 Ping An Bank 12.10
5 Agricultural Bank of China (ABC) 10.08

Bookrunners of Asia-Pac (ex-Japan) ECM

Rank Lead Manager Amount $bn No of issues Share %
View full table
For detailed analysis: Dealogic
  • Last updated
  • Today
1 Morgan Stanley 7.04 25 18.55%
2 Goldman Sachs 5.69 24 15.00%
3 JPMorgan 5.24 20 13.80%
4 UBS 2.88 21 7.59%
5 HSBC 2.49 9 6.56%

Bookrunners of Asia Pacific (ex-Japan) G3 DCM

Rank Lead Manager Amount $bn No of issues Share %
View full table
For detailed analysis: Dealogic
  • Last updated
  • Today
1 Citi 15.25 71 9.05%
2 HSBC 14.83 95 8.80%
3 BofA Securities 9.58 39 5.68%
4 Standard Chartered Bank 7.67 58 4.55%
5 Goldman Sachs 7.15 30 4.25%

Asian polls & awards

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  • GlobalCapital China 2019 awards winners: Part II

    In the second part of GlobalCapital China’s awards announcement, we reveal the winning banks across Panda bonds, G3 bonds and ABS, as well as the best bank for securities services and the most impressive law firm.

  • GlobalCapital Asia capital markets awards 2019: Investment banks

    In the fourth and final instalment of GlobalCapital Asia’s capital markets awards announcements, find out which firms have been named the Best Asian Investment Bank and the Best Investment Bank in the region for 2019.

  • GlobalCapital China announces 2019 awards winners: Part I

    GlobalCapital China, previously GlobalRMB, is pleased to announce the winners of its annual capital markets awards, honouring the banks, companies and individuals that have made the biggest contribution to bridging the gap between China’s markets and the rest of the world. In part one of the awards, we reveal the most impressive issuers in the FIG, corporate and SSA categories.

  • GlobalCapital Asia capital markets awards 2019: Bonds

    In part three of GlobalCapital Asia's awards results announcements, we reveal the winning bond deals across a variety of categories. In addition, we also name the Best G3 Bond House, Best High Yield Bond House and the winner of the Best House for SRI Financing.