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
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 %
  • 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 %
  • 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%

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  • GlobalCapital China announces 2019 awards winners: Part I

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    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.