Ford brings new sterling auto ABS offering

Arrangers Bank of America Merrill Lynch, BNP Paribas, HSBC and NatWest markets on Thursday announced a new sterling auto ABS deal from Ford Credit Europe.

  • By Asad Ali
  • 10 May 2018

GlobalDrive Auto Receivables UK 2018 –A is £405.4m transaction comprising two forms of auto loan contracts originated by FCE Bank through its network of dealers.

Class ‘A’ and ‘B’ notes are on offer, with the subordinated class ‘C’ to be retained. The 1.85 year senior tranche benefits from credit ...

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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 10,542 20 17.55
2 Bank of America Merrill Lynch (BAML) 6,103 21 10.16
3 Citi 5,130 13 8.54
4 JP Morgan 4,681 6 7.79
5 Morgan Stanley 4,137 11 6.89

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 81,261.11 236 11.54%
2 Bank of America Merrill Lynch 66,433.81 187 9.43%
3 Wells Fargo Securities 57,637.40 170 8.18%
4 JPMorgan 53,570.42 158 7.61%
5 Credit Suisse 45,349.30 117 6.44%