US auto ABS shines as sector extends rally

Despite some concerns over underwriting standards and weak loan originations at some auto finance companies, investors are piling into US auto ABS bonds — with rating agencies also positive on the sector.

  • By Max Adams
  • 10 May 2018
US auto ABS bonds are enjoying a favourable reception from rating agencies and investors, as car sales soar past pre-crisis levels. According to Wells Fargo research, US car sales are still elevated after a record of 18m sales in 2016, with about 17.2m sales on a rolling 12 month ...

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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 13,295 25 18.56
2 Bank of America Merrill Lynch (BAML) 8,059 25 11.25
3 Lloyds Bank 6,979 21 9.74
4 Citi 6,256 16 8.73
5 JP Morgan 5,220 8 7.29

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 104,581.71 299 10.92%
2 Bank of America Merrill Lynch 86,347.40 249 9.02%
3 JPMorgan 80,990.39 237 8.46%
4 Wells Fargo Securities 77,934.65 225 8.14%
5 Credit Suisse 63,570.21 165 6.64%