Euro ABS pipeline swells further as Lloyds, BMW join in

The strong dealflow in the European ABS market continued on Monday, with two new consumer mandates hitting screens. Lloyds launched its first deal of the year, a dual-currency credit card issue, while BMW Finance mandated a French auto deal.

  • By Owen Sanderson
  • 12 Mar 2018

Lloyds Bank announced Penarth 2018-1, a credit card ABS from its Penarth master trust, for execution this week. Lloyds will be sole lead of the 1.98 year dollar tranche, while Lloyds and ING will be joint leads for the 4.99 year sterling.

Part of the Lloyds treasury ...

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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 12,508 23 18.18
2 Bank of America Merrill Lynch (BAML) 8,059 25 11.72
3 Lloyds Bank 5,761 18 8.38
4 Citi 5,606 15 8.15
5 JP Morgan 5,007 7 7.28

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 90,620.08 256 11.16%
2 Bank of America Merrill Lynch 77,768.99 216 9.58%
3 JPMorgan 68,302.06 194 8.41%
4 Wells Fargo Securities 67,736.13 189 8.34%
5 Credit Suisse 54,172.98 137 6.67%