Mercedes-Benz announces ninth auto loan ABS

Arranger UniCredit, with Commerzbank as joint lead manager announced a new €807m German auto loan ABS deal on Thursday — Silver Arrow Compartment 9 from Mercedes-Benz Bank — with DZ Bank, MUFG and SMBC Nikko as co-managers. It is the German auto maker's ninth auto loan securitization.

  • By Asad Ali
  • 05 Jul 2018
The previous Silver Arrow transaction was priced in June last year at a spread of 45bp over Euribor for the 1.44 year €1.1bn triple-A bond and a cash price of 100.44, resulting in a discount margin of 15bp. The bonds from that deal were heavily bid, with the ...

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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 94,444.52 266 11.16%
2 Bank of America Merrill Lynch 79,057.17 220 9.35%
3 Wells Fargo Securities 69,655.75 196 8.23%
4 JPMorgan 69,110.65 196 8.17%
5 Credit Suisse 56,930.26 144 6.73%