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 ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Citi 4,296 9 12.14
2 BNP Paribas 3,136 11 8.86
3 Bank of America Merrill Lynch (BAML) 3,067 11 8.67
4 Lloyds Bank 2,346 10 6.63
5 Morgan Stanley 2,138 5 6.04

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 45,886.98 133 11.32%
2 Bank of America Merrill Lynch 44,227.86 120 10.91%
3 Wells Fargo Securities 33,922.42 99 8.37%
4 JPMorgan 31,654.98 91 7.81%
5 Credit Suisse 24,807.99 61 6.12%